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And So It Begins...........
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<blockquote data-quote="JJJ" data-source="post: 178586" data-attributes="member: 1169"><p>Lisa,</p><p></p><p>I read this somewhere, but an idea for grandparents who can't give their grandkids gifts but want to be sure that the grandkids know that they were thought about on birthdays and Christmas throughout their childhood -- open a college fund (529s) and deposit what you would have spent on a gift for each holiday, even small amounts add up over the years. The huge benefit is that the money remains forever in your control and you can transfer it between grandchildren -- so if one of them turns out to be a complete difficult child, you can use the money to help the other one. It's also good for trade school tuition, not just college. (Check all of that with the place before you open accounts to confirm it is valid there).</p></blockquote><p></p>
[QUOTE="JJJ, post: 178586, member: 1169"] Lisa, I read this somewhere, but an idea for grandparents who can't give their grandkids gifts but want to be sure that the grandkids know that they were thought about on birthdays and Christmas throughout their childhood -- open a college fund (529s) and deposit what you would have spent on a gift for each holiday, even small amounts add up over the years. The huge benefit is that the money remains forever in your control and you can transfer it between grandchildren -- so if one of them turns out to be a complete difficult child, you can use the money to help the other one. It's also good for trade school tuition, not just college. (Check all of that with the place before you open accounts to confirm it is valid there). [/QUOTE]
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