Hi, I bought some EE savings bonds meant for my kids' college fund. They are under my name. I thought I can get tax-free interest when I apply them for college expenses. However, since my income exceeded the specified limit, there is no incentive for me to cash them out for education purposes.
So should I wait until my kids are out of college before cashing them out? So that their financial aids applications would not be adversely affected? Thanks for your help?