BUY BONDS TODAY ——-—HAVE MONEY TOMMORROW
If you have trouble reaching the end of the month with a few dollars left over
for savings, try doing it the easy way. Take out a payroll deduction or a . bond
allotment now for the amount you want to save, and youT11 have to make your dec
ision to save only this one time--not every month, Qf course, you still can in -
crease or decrease the amount of your bond deduction or allotment, or even cancel
it, whenever you wish.
A steadily growing bundle of Series E savings bonds, paid for painlessly with
a payroll deduction or military pay bond allotment, can turn daydreams into fut
ure realities. All you really have to do is pick a specific goal and target date
and tailor a bond savings program to fit your plans.
COLLEGE EDUCATION FUND. Suppose you have a six-months-old child and want him
to have a college education. Savings bonds can have the money'ready when he needs
it. If you set up.an $13.75 deduction or allotment for one $25 bond a month, your
child’s education fund would add up to $5,ABO when he reaches age 13. If you have
a child six years old, the same monthly $18.75 would add up to $3,359 by the time
he is 18.
DOWN PAYMENT ON A HOME. A savings bond bought automatically each month by pay
roll deduction or allotment can provide the down payment on a1 home, if you sign up
for that monthly bond today. This is not an idle suggestion; some 60 percent of
all home down payments are made either completely or partially with bonds saved fbr
just that purpose.
You can have a $1,000 down payment A'g' years from now with only an ML8.75 month
ly bond allotment started today; or a $1,100 down payment .in 2w years by starting
a monthly allotment of $37.50 now. An NC0 or petty officer on an overseas tour
or on sea duty can build up a down payment to buy a new home when he returns to
the U.S. just from his overseas or sea duty pay. The trick here is to put that
extra pay into a bond allotment before you get used to spending.:it. If you’re not
interested in a home and would rather have a new car, savings- bonds can help you
pay for it, instead.
MORE RETIREMENT INCOME. Suppose you have been in the Army, Navy, Air Force.,i or
Marine Corps for nearly four years, and have decided to make the.Service your car
eer/lf you are looking forward to retiment after 20 years of service, you can add
to your future retirement income by putting aside part of your active duty pay in
safe, profitable savings bonds now.
If you buy a $25 Series E Savings Bond a month with an $13.75 allotment for the
next 17 years and nine months, you will have accumulated 213 bonds worth $5,587 for
which you will have paid only $3,993.75. The remaining $1,593 will be accrued in
terest. When you are ready to retire, you can exchange your $5,587 worth of Series
E bonds, plus $413 cash, for $6,000 worth of Series H bonds, and have an annuity
that pays cash interest ©f $175 in each of the first two years and $240 each of
the next eight years. And, of course, when* your Series H bonds mature at the end
of .10 years, you can redeem them and get back your $6,000. As a bonus, you don’t
have to pay income tax on the Series E bonds interest until the H bonds mature or
are redeemed.
QUICK CASH FOR SURVIVORS. Series E savings bonds, for which the purchaser can
name a co-owner or a beneficiary, are a sure, safe way for a person to provide
funds when he dies for immediate use by his survivors while the remainder of his
estate is being settled.