U.S. Savings Bonds:  Lost, Mislaid or Expired

The U.S. Treasury encourages Americans to join its campaign to “Find Old Bonds, Get New Cash.”  An estimated $13 billion in savings bonds have expired and no longer earn interest.  Thousands of bonds and interest checks have been returned unopened to the Treasury.  The Treasury also has records of lost or misplaced bonds, including those where the owner is deceased, dating back to 1974.  Details are available at TreasuryDirect.gov, under “Individuals” and the quick link: Treasury Hunt.

Note: Savings bonds commonly produce taxable income when they are cashed.  One way to offset the tax is to make a tax-deductible gift of proceeds to qualified organizations – or even use the proceeds for a charitable gift annuity where we would provide you with payments for life, partly tax free.

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