Most bond owners are not aware of these mistakes, which often results in millions of dollars being forfeited every year."
Spring Lake, New Jersey (PRWEB) June 13, 2013
SavingsBonds.com has posted a new video on their website about an old-fashioned, American iconic investment, U.S. Savings Bonds. This is the second video in the Americana–themed series that provides important, valuable, information to help bonds owners avoid the common mistakes that often cost them, and possibly their spouses or heirs, money.
The five-minute video is hosted by SavingsBonds.com’s marketing director, Jackie Brahney. It was developed by SavingsBonds.com as a result of over two decades of hearing bonds owners lament over financial mistakes they made with their bonds that could not be corrected. It features topics such as failure to report interest income on tax returns (even if bonds were not cashed in), registration issues, as well as potential financial pitfalls that may occur by cashing in bonds all at one time.
“Most bond owners are not aware of these mistakes, which often results in millions of dollars being forfeited every year,” says SavingsBonds.com Founder Jack Quinn. He adds, “Many investors, especially seniors, are not aware that they could be creating unpleasant federal income tax situations that could easily be avoided with a little bit of knowledge and some proper planning.”
Both informative and a bit instructional, the video exposes the most common mistakes in an uncomplicated and easy to understand way. The SavingsBonds.com website address is provided so that viewers learn how to easily access a complimentary calculator and a unique, color-coded Savings Bond Inventory Report©. The Inventory Report displays detailed financial information for each bond, along with a “what this means to you” section.
The SavingsBonds.com video was designed to entertain, educate and enlighten bond owners. Hopefully it also inspires them to take the time to review their bond investment so they can avoid the costly financial mistakes, many of which are irreversible.
SavingsBonds.com is the #1 non-governmental site valuing over $1 billion in savings bonds. Complimentary calculator offers personalized, unique color-coded, Savings Bond Inventory Report© featuring “what this means to you,” helps bond owners avoid losing money and maximize their investment. Extensive, consumer-friendly, information center, helpful videos, newsletters, current series bond rates, lost bond services, re-issue services, purchase savings bonds link, online and popular government forms available.
About SavingsBonds.com VIP Membership:
SavingsBonds.com VIP Members have access to 3 unique reports, not offered elsewhere;
1. Bond Inventory Report© available/updated 24/7 indicates current bond values, interest rates, timing, taxation and maturity issues, displayed on an easy to understand, color-coded, personalized, bond-by-bond statement. 2. Bi-monthly Alerts!© Emailed summary statements specific to Members bond inventory, provides inventory totals, interest rates/earnings, helpful strategies regarding current and upcoming financial events, including maturity and taxation issues. 3. Cash In Report© ranks bonds in performance order. Eliminates guesswork on which bonds to cash in first, based on cash desired. Optional services: periodic Bond Tips, discounts on lost bond and re-issue services. The ultimate savings bond Membership offering superior bond management, helps investors avoid forfeiture of interest, double taxation and potential IRS tax situations.