The Treasury Two-Step: Redeeming HH Bonds.The article presents an answer to a question of whether an investor can possibly submit his unmatured Series HH savings bonds for redemption directly to the savings-bond office of the U.S. Treasury.Wall Street Journal - Eastern Edition...
The basic idea is to use savings (either previously accumulated moneys or a portion of current income) to purchase a series of immediate annuities. The annuity payments are not taken as income by the individual, but rather are directed to purchase additional annuity contracts or other retirement ...