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Savings bond makes life simpler |
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Submitted by Patricia Adcock
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The modern socio-economic scenario has made life really very complicated for us, as we all have to run after money to make ends meet. In this age of rapid commercialization of economy, we are always running short of cash no matter how much we earn. As the economy scale new highs aggressive consumers are always busy exploring new ways and means to augment their income. For spendthrift people it may however turn out to be an arduous task to save money.
Therefore, it makes sense to invest in saving bonds so that you never reach a stage of bankruptcy and always have some cash to fall back upon in times of need. Industry experts strongly recommend consumers to use saving bonds as a reliable means of letting your money grow at an amazingly fast pace. According to a recent media report, savings bonds currently bring greater benefits than many savings or money market accounts. With savings bond you can solve all your monetary woes. Savings bond takes care of your child's higher education or even your post retirement ordeal.
Some of the advantages of investing in saving bonds are as follows- -The monthly interest rates on savings bonds accumulate on a monthly basis. Savings bonds offer enviable rates of return in comparison to other bonds.
-Savings Bonds come with a particular registration number so that they can be easily be replaced in case it is stolen or tampered.
-You do not have to dig deep into your pocket to buy a savings bond. You have to shell out as little as $25 to get a savings bond.
-Another unique feature of saving bond is that they are easily exchangeable. You can get cash out of your bond easily in case of an emergency.
-One of the greatest benefits acquired from investing in savings bond is tax exemption. The interest amassed on savings bonds is free from all state and local income taxes.
-Last but not the least, savings bond act as a great balancing factor to your existing investment folder paving a way to start building your own capital. This unique feature of the savings bond gives you enough room for diversification of funds.
There are a variety of savings bonds on offer. You just have to do a little bit of market research to find out which one suits your bill perfectly. Riding on its highly beneficial factor savings bonds have really emerged as a preferred investment option everywhere. Series EE or Series I bonds are the safest bet amongst all categories of savings bonds. Savings bonds have undoubtedly emerged as the best add-on to your investment portfolio.
Therefore, if you want to make your life simpler with little financial worries then investing on savings bond is a must. Your post retirement life or child's' higher education expenses may not seem to be at all difficult after investing on savings bonds. So, get ready to outsmart your peers by investing on savings bonds and it will save you from unnecessary harassments and gift you a secured peaceful life in return.
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