9 reasons it's time for a new financial plan
You think US savings bonds will double in value in 7 to 10 years
Amazingly people continue to purchase US EE Savings Bonds as gifts for children and grandchildren with hopes they can use them to help pay for college costs. The Rule of 72 is a calculation that allows someone to determine when an investment will typically double in value. Todays EE Savings will reach face value in closer to 24 years. So, if you thought you were buying these bonds to help pay for college, think again. Maybe the beneficiary can use them to pay off some student loan debt.