Savings bonds I vs EE; how do I decide which is better for me? Sm
I have about $8000 (current value) in EE bonds dating back to the late 1970s (I cashed in about 10 yrs worth to get the tax benefits available when used for education expenses while daughters were in college) & I continue to buy two $100 bonds each month thru payroll plan.
Youngest daughter is a college senior this year so I won't be able to cash in too many more of the bonds as the educational expense will end in 2008. If I continue to buy bonds, they will either go towards money for future retirement or ??? Have no other specific use in mind at this time.
I'm wondering now whether or not I should continue to buy the EE bonds or if I should consider I bonds. I've checked the website for info on both and reviewed the Treasury's comparison chart & still am unsure. Can someone educate me when it's preferable to consider I over EE?
Was also wondering if anyone is using SmartExchange for bonds and going paperless? If so, do you like it?
Thank you so much.