When I was growing up, my grandparents often gave me savings bonds for birthday and Christmas presents. Today I’m in my mid 20s, the bonds are about to begin maturing, and I estimate that the present value of all the bonds in my name is around 20k.
These are series EE government savings bonds, held in paper form in a safety deposit box. I am trying to figure out a way to deposit them into a retirement account so that they can be cashed out and reinvested into equities. But I don’t want to have to declare them as income and thus increase my tax burden for whatever year I cash them out.
Any advice on how to proceed?
Submitted September 22, 2017 at 07:23AM by pittsburghstrong http://ift.tt/2xjuIwO
