"Mark" <notta.name[at]notta.domain.not> wrote in message
news:2arbo1dhdb2fj0n8cusuuq6kq9bvg34v52[at]4ax.com...
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My son is 8 years old with no income, he pays $0 taxes annually. He earns
interest on his bonds and bank account which is tax free since total
interest is less than $750 annually.

The best strategy is to pay NO TAXES AT ALL while earning interest. ;-)

But then you lose the opportunity to earn interest on the money you
used to pay the taxes. Pay-as-you-go taxing works to the advantage of
the government, not the taxpayer. It's usually best to defer paying
taxes as long as you can.


On Wed, 23 Nov 2005 21:28:29 GMT, "DanL" <a[at]b.c> wrote:

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Justin Emalius

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You can download the Savings Bond Wizard to do this (it's free).

The great thing about this program is it has a report that shows interest
earned for the calendar year. My son has several bonds and I report the
annual interest to the IRS since it's less than $750. When he cashes the
bonds, especially if not for education, he won't have to pay tax on the
interest.

http://www.publicdebt.treas.gov/sav/savwizar.htm

The quantity shown in Portfolio is "incorrect" or misleading. The value
should be correct assuming you have an "as of" date that is > = the date for
the reinvest interest transactions you've entered for each of the bond
investments.

I agree better handling of savings bonds would be nice, but given the length
of my Money wish list and how far I can get with SBW and Money combined, I
wouldn't put this anywhere near my Top 10 Features Money Needs.

There is probably not any neat way for them to do savings bonds that is not
a single-purpose solution since the savings bonds don't get valued anywhere
but in the Treasury publications. To Microsoft's credit, they are generally
very good about coming up with abstracted solutions. This is one case where
the abstracted solution doesn't work.

Looking at the focus of the last 10 or 20 new features they've added, I'd
not expect something like SBW in Money anytime in the next 20 or 30
versions. Maybe it'll make it into Microsoft MSN WebAdsAndMoney 2047?

"Matt" <matt[at]matt.com> wrote in message
news:-vednYBU6b7uIhneRVn-vg[at]comcast.com...
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I'd choose Savings Bond, but I think it ends up using the same CD type.

"Matt" <matt[at]matt.com> wrote in message
news:Fcudnd6VTtIrXRneRVn-qQ[at]comcast.com...
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And to follow up, you are also choosing "CD or US Savings Bond" as the
investment type?

Matt

"Matt" <matt[at]matt.com> wrote in message
news:-vednYBU6b7uIhneRVn-vg[at]comcast.com...
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Dick,

To make sure I understand, you are also entering the purchase price of the
bond as the quantity and showing the incorrect quantity and value in the
portfolio view? It sounds like I've emulated your method within my file but
would just like to see an improvement for how money stores the proper
quantity, purchase price, and accumulated interest value.

Correct?

Matt

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:ew7U7AG8FHA.4012[at]TK2MSFTNGP14.phx.gbl...
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Dick,

Yes, frankly this caught me as well. It seemed odd to enter quantity of 100
at $1/each for a total value of $100 when in reality I have 1 bond worth
$100 dollars (I'm working in I bonds).

Matt

"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:OeUYCCG8FHA.788[at]tk2msftngp13.phx.gbl...
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I need to edit that answer in the FAQ. It's not clear on the subject of
entering total purchase price for the bonds as value/quantity.

"Matt" <matt[at]matt.com> wrote in message
news:FpqdnWnSsuNzJRnenZ2dnUVZ_tKdnZ2d[at]comcast.com...
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For how I do the savings bonds, see http://umpmfaq.info/faqdb.php?q=42.

Each denomination/series is defined as an investment, and, yes, if I hold 5
$100 bonds (investment name, say "US $100 EE Bond - 2005-08")--$50 purchase
price--you enter 250 as the qty/value. I agree it's less than ideal. But it
does work.

To reflect the accrued interest, I just enter a Reinvest Interest for the
number of bonds of a given issue/series/type ("US $100 EE Bond - 2005-08")
times the interest value I get from SBW. There's one set of these
transactions for every bond type. Every time I care to update the valuation,
I just update the date on these transactions--to the SBW "price for"
date--and the amount of interest. This way I can't tell you what they were
worth, say, six months ago, but I do know for 11-30-2005.

"Matt" <matt[at]matt.com> wrote in message
news:FpqdnWnSsuNzJRnenZ2dnUVZ_tKdnZ2d[at]comcast.com...
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Hello, thanks for the reply.

To respond to your second question.....

I've titled an account "Treasury Securities" and within it store my Savings
Bonds individually (by type and issue date). When I purchase them, I enter
the 'value' as a number which summates to the total. For example, $100 for
the value. Once entered, if I view the "Treasury Securities" account within
the portfolio view, the quantity shows 100 with market value of $100. I
don't seem to have an option to enter quantity 1 with a purchase price of
$100 per bond. I originally entered the bond purchase as a "buy savings
bond/CD" as MS Money suggested. Is there a better way here?

Also a second question. When the bond pays interest, I was assuming that I
would just show reinvested dividends to increase the market value. Correct?

Thanks in advance for the assistance.

Matt


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:OzCwwxF8FHA.3804[at]TK2MSFTNGP12.phx.gbl...
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They don't look here (or anywhere else besides maybe focus groups with
clue-challenged non-users near as I can figure) so posting wish list here is
pretty useless. See http://umpmfaq.info/faqdb.php?q=66 for ways Microsoft
says they pay attention to.

I'm curious when you write you "would like to reflect proper purchase
quantity and values". Why can't you do this today? I do. The only thing you
can't do that you list is get the current valuation--interest
accrued--automagically.

"Matt" <matt[at]matt.com> wrote in message
news:uN2dnR9eu6AQMhneRVn-uw[at]comcast.com...
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I've been using MS Money since the beginning and find it an essential tool
for managing my finances. But I've always had trouble with one area!

I'd like to put in a feature request for the MS Money development team to
improve and allow proper handling of US Savings Bonds. I have both EE and I
series bonds and would like to reflect proper purchase quantity and values
as well as automate the interest paid and accrued while holding the savings
bond.

I am currently using MS Monday 2005 and skipped 2006 since it didn't really
give me anything. I would upgrade immediately if 2007 had the above
feature!!!!!

Matt