So I just checked our issue date and it was 12/5/2005, so I assume that the interest, which will likely be about 100% of the issue amount over the 30 years will all be due in 2035, unless we start to redeem them systematically prior to that year. Something to think about if that amount hitting in one year kicks us up to a higher IRMAA tier, or higher tax bracket.
Do you know Audrey if the bonds are half and half in each of our names with the other party the beneficiary if all of the interest is taxable in the year of death of the decedent, should one or both predeceased before maturity?
And I think I recall there is no exemption from taxes for things like education of a grandchild?
I know this is a 1st world problem. I'm not complaining, just preparing.