Recovering Your Lost Government Savings Bonds

Government savings bonds represent one of the safest methods of investments in the world. You are basically investing in the federal government and you are receiving a guaranteed rate of return. As long as the country is still in existence, you should receive the rate of return that you have been promised. While they are not usually high-earning instruments, they can be a way to battle inflation over the long-term. Government savings bonds are even safer than other methods of investment in terms of being able to recover them if they are lost. If you lose your government savings bonds, there are methods that you can use to get them back. Here are a few things that you will need to do if your government savings bonds are misplaced or destroyed. 

Prepare in Advance

When you buy or receive government savings bonds as a gift, you should record all of the information on them. You need to write down the serial number, the date of issue, the series and the social security number and name of the purchaser. If you have all of this information, it will make recovering the lost bonds much easier for you. While this is the ideal information to have in case your bonds are lost, you do not necessarily have to have all of this to get them back if they are lost. There are other methods that you could use. 

Filing the Proper Form

When you need to make a claim on a lost savings bond or multiple bonds, you need to make sure that you fill out the proper form in order to do so. The form that you need to get your hands on is Form 1048, the Claim for Lost, Stolen, or Destroyed United States Savings Bonds. You can download this form from the United States Treasury website. Fill out the form to the best of your ability. If you do not have all of the necessary information, you should still turn it in with the information that you have. It may be enough to locate the bond that you are trying to recover. 

If You Can Not Locate Information

If you have the serial number of the bond, this is the easiest way for them to locate it. Each bond has their own unique serial number and they should easily be able to find it based on this. If you do not have the serial number, you should get the social security number of the person that bought it. They should also be able to look it up based on this. 

Recovery Companies

If you do not want to handle this process yourself, there are even companies that offer to help you locate your bonds for you. They do charge a fee for their services, so most of the time, you should just get Form 1048 and fill it by yourself. However, they are available if you need help. 

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