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To: Sonki who wrote (372)11/7/2005 12:10:04 AM
From: Sonki  Respond to of 395
 
tricky tax free ibond for education. dont buy in kids name.

publicdebt.treas.gov
publicdebt.treas.gov
FAQs - Education and Savings Bonds
. To qualify, you must be at least 24 years old on the first day of the month in which you bought the bond(s).
When using bonds for your child's education, the bonds must be registered in your name and/or your spouse's name. Your child can be listed as a beneficiary on the bond, but not as a co-owner.

When using bonds for your own education, the bonds must be registered in your name.

If you're married, you must file a joint return to qualify for the exclusion



To: Sonki who wrote (372)11/7/2005 12:28:48 AM
From: Sonki  Read Replies (1) | Respond to of 395
 
countrywide.com 30yr fixed 6.2 vs ibond 6.73
ibond tax deferred vs tax deductions on loan
e.g. of 100k loan
Rates as of 11/4/2005 1:33:00 PM

Loan Program Details

30-Year Fixed Rate
30-Year Fixed Rate, .....interest only
Interest Rate 6.250% .....6.375%

Points 2.250% ...............2.250%

APR 6.500% ...............6.627%