Last Wednesday evening I was having dinner as usual at church with a group of older men when the conversation turned to savings, certificates of deposit and U.S. Savings bonds. As conversation progressed several of my friends started bragging about the number and amount of U.S. Savings bonds they had amassed over their working years. Here we are not talking about just a few dollars, but amounts from $50,000 to $200,000 perhaps more. When I ask what they were going to do with the bonds, the general answer was hold them and pass them on to the children. When I ask why, the general answer was tax.
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