SAVINGS BONDS IN PERSONAL INVESTMENT PROGRAMS (Discussion).

The article presents a critique of a paper by O.K. Burrell entitled "Savings Bonds in Personal Investment Programs." Burrell recommended savings bonds as an effective investment tool for families. The author agrees with him but feels this may only be temporary and that the yield appeal of bonds will continue to diminish due to the long maturation for a bond versus other media. However, he adds that bonds can be a tax-free annuity and a valuable contribution to income during periods of financial stress.