ANCHOR LEAD:
GO AHEAD...OPEN YOUR DRAWERS. HOW MANY OLD SAVINGS BONDS DO YOU HAVE LYING
AROUND? IF YOU THINK THOSE TUCKED AWAY TREASURES ARE AUTOMATICALLY EARNING
YOU CASH ...HEADS UP!
NOT ONLY MAY YOUR FORTUNE BE FOUNDERING...YOU MAY ACTUALLY FACE MISFORTUNE
AS WELL!
_________ EXPLAINS.
TRACK ONE Length:
04
MICHELLE STULACK CAN'T FIND SOME OF THE SAVINGS BONDS SHE BOUGHT FOR HER CHILDREN.
SOT
KEY @: 05 Michelle Stulack, Savings Bond Owner
"I am one of those people--- I do not keep my savings bonds in a particular
place."
TRACK TWO Length:
07
SHE BOUGHT THEM BECAUSE HER PARENTS DID THE SAME FOR HER WHEN SHE WAS YOUNG.
SHE KNOWS WHERE HER BONDS ARE... BUT WHAT ARE THEY WORTH?
SOT
Length: 02(Michelle Stulack, Savings Bond Owner)
"I have no idea."
TRACK THREE Length:
18
THAT'S BECAUSE BONDS CAN EARN INTEREST OVER AND ABOVE FACE VALUE. BUT GUESS
WHAT: NOT FOREVER! THE GOVERNMENT SETS A FINAL "MATURITY DATE" THAT
VARIES DEPENDING ON THE TYPE AND DATE OF PURCHASE. AFTER THAT...INTEREST STOPS.
MICHELLE'S BONDS FROM THE EARLY 70'S HAVE ALREADY MATURED... AND SHE'S NOT
THE ONLY ONE SITTING ON 'DEAD MONEY.'
SOT
KEY @: 39 Jack Quinn, U.S. Savings Bond Consultant Source: Bureau of Public
Debt
"In the month of July, there was 13.3 billion dollars of savings bonds
that had not been redeemed...they had reached final maturity; they had not
been redeemed."
TRACK FOUR Length:
12
MOST PEOPLE SIMPLY DON'T KNOW THEY'RE LOSING OUT ON INTEREST INCOME. BUT THAT'S
NOT THE ONLY ISSUE. EXPERT JACK QUINN SAYS ONCE THE BONDS MATURE, YOU ARE
OBLIGATED TO GIVE UNCLE SAM HIS CUT WHETHER OR NOT YOU CASH THEM IN!
SOT
KEY @: 59 Jack Quinn, U.S. Savings Bond Consultant
"The government basically says that when an investment matures, you must
make an accounting on your tax return in that year and savings bonds are not
exempt from this."
TRACK FIVE Length:
08
IF YOU DON'T...YOU COULD FACE PENALTIES. BUT THE GOVERNMENT SAYS THAT'S NOT
THE GOAL. IT'S SIMPLY TO GET PEOPLE TO CASH-IN THESE BONDS. QUINN SAYS WE
SHOULD ALL BE PROACTIVE.
SOT
KEY @: 1:18 Jack Quinn, U.S. Savings Bond Consultant
"Bonds need to be managed just like any other investment, so at least
you understand what you own."
TRACK SEVEN Length:
05
THAT MEANS KNOWING WHEN THEY MATURE AND REDEEMING THEM WHEN THEY DO. THAT'S
WHAT MICHELLE PLANS TO DO.
SOT
Length: 02 (Michelle Stulack, Savings Bond Owner)
"I want to go cash those suckers in then!"
ANCHOR TAG:
TO FIND OUT WHAT YOUR BONDS ARE WORTH, YOU CAN CHECK ON THE TREASURY DEPARTMENT'S
WEBSITE AT HTTP://WWW.SAVINGSBOND.GOV.
MR. QUINN'S WEBSITE SAVINGSBONDS.COM ALSO OFFERS A FREE TRACKING SERVICE.
SOURCE LIST
Jack Quinn,
SavingsBonds.com founder and CEO
732-280-4024
jquinn@savingsbonds.com
SavingsBonds.com Inc.
2022 Route # 71
Suite # 200
Spring Lake Heights, NJ 07762 (USA)
World Headquarters 1.732.280.4024
www.savingsbonds.com
Founder and COO, Jack Quinn, Sr., is an authority on computer software and
services for U.S. Savings Bond valuation. Jack's expertise has been widely
recognized by the financial community and the financial press. As a guest
panelist on investment radio and TV talk shows, he has been able to help a
multitude of savings bond investors by providing information and insight about
their investments. His trademark is live bond valuations (via a lap top computer)
on financial radio shows.
The products and services designed by Quinn and SavingsBonds.com have been featured in such prestigious publications as Money Magazine, Kiplingers' Personal Finance, Nations Business, Modern Maturity, as well as Financial Planning Magazine. Quinn has helped author countless articles and technical papers for various financial journals.
Stephen Meyerhardt
Spokesman for the Bureau of the Public Debt
Washington, DC
202-504-3792
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