LTR Financial Services is dedicated to helping all of its customers on a personal level. Whether you are saving for retirement, or growing a portfolio, we understand the power of financial independence. CFP® professionals at LTR take pride in only offering advice we feel is in our client’s best interest in both cost and quality. We work closely with you and your goals, every step of the way.
One of the most important decisions you can make with your money is saving for the future of your family. Saving for college is a long road, so it is best to start as soon as possible. At LTR Financial Services, we understand the required steps to obtaining a lucrative college fund. One of the most effective tactics is investing in EE Savings Bonds. While these bonds are not exclusively used for college savings, the pay outs are tax-free if applied to qualified college expenses.
EE Savings Bonds can only be purchased from the US Treasury Department in digital form. They have a guaranteed interest rate and are tax deferred. EE Savings Bonds are considered Zero Coupon Bonds because you only pay half of the face value up front ($50 for a $100 bond), and slowly accumulate full value over the course of your investment. This is a great option in which to get started on your college fund.
EE Savings Bonds are effective because they are guaranteed to double your initial investment after 20 years with a yearly return of 3.53% guaranteed and are tax free if the money is used to pay for college. You can hold the bond for up to 30 years after the date of purchase or you may cash in the bond at any point in time after 1 year, otherwise there will be a penalty.
At LTR Financial Services, it is our goal to help you maximize your opportunities and secure a successful and fulfilling future through smart financial investments. The CFP® professionals at LTR understand financial literacy is not guaranteed, one must work at it. LTR Financial Services offers a full range of financial services and we can answer almost any questions you may have.
We take pride in our clients reaching their financial goals at LTR. Start investing in a brighter future today! There are always small little rules regarding bonds, so please contact us if you have any questions. Contact LTR Financial services at [email protected], LTRMoney.com or 781-859-3096 to schedule a consultation.