Author Topic: Savings Bond to 529 Plan  (Read 1071 times)

JENRETIRE

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Savings Bond to 529 Plan
« on: April 24, 2014, 11:00:11 AM »
Sorry if this has been asked before. My daughter received savings bonds at her birth (probably around $500-600 worth). She is now 12. Does it make sense to cash those in and roll into her 529 Plan (which has about a 1 year return rate of 12-13%). Or should I just hold out and when she gets older she can cash them in herself?

Thanks in advance!

PlanB

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Re: Savings Bond to 529 Plan
« Reply #1 on: April 24, 2014, 11:13:30 AM »
My husband received his savings bonds but never did anything with them (i.e., let them mature)and it's been a blessing to have them "mature" and be used when we need them. Therefore, I guess my suggestion is to hold onto them and let her decide how to use/reinvest them.