If you use I bonds to help finance higher education the interest is federal tax-free. The additional benefit is flexibility if circumstances change because the account is not considered only for college savings. You can find information about and purchase the I bond, sold by the U.S. Treasury and now yielding 9.62% at www.treasurydirect.gov. This is just one example of the useful information that you can find in Chapter 5 on Investing in Financial Essentials for Couple and Financial Independence Essentials.
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