Froze and other EE Bond ****** *******s

[1stTimeCaller]

In July I'm gonna have a beautiful new nephew. I'm debating between the I (inflation) bonds or the EE bonds. The 'inflation bonds are new to me and you buy them at face value.

Pros and cons of each?

When the EEs mature the kid can convert them to H bonds can't he? I think that's the only way to obtain an H bond isn't it?

Anyhoo, over 20 years which should be worth more the I or the EE?

[Mjcpr]

Save your money for your own brats.

YWIA

[1stTimeCaller]

Save your money for your own brats.

YWIA

well, you know how smoove I am with the ladies. It might be a while befor I have my own.

[Hamhock]

Put some money in a 529 for the kid.

[1stTimeCaller]

Put some money in a 529 for the kid.

Can I set one of those up for him or do his parents have to?

[BeetDigger]

Can I set one of those up for him or do his parents have to?


You can.

If you want to set one up for my kids, I would be happy to provide you with the necessary information. :D


As to the H bonds, yes. EE's mature and you can convert them to H bonds.

As to the better investment, I don't know. Seems like a question for Suzy Oremand.

[Hamhock]

Can I set one of those up for him or do his parents have to?


The beaut is that you still own it. If he turns out to be a ne'er do well, or wants to go to OSU, you can take the money back.

[Frozen Sooner]

529 all the way. Great advice.

[1stTimeCaller]

OK, just browsing 529 on google. Do I want to go with the State sponsored or Independant 529? Does me living in Tejas and the kid living in OK and in the future attending OU matter?

Do I have to go through a brokerage house to buy one of these?

[Mjcpr]

I think they have them at Best Buy.

[Frozen Sooner]

Set it up in Texas unless the Oklahoma plan has some sort of an advantage. Compare annual fees and whatnot.