10 Best Investments for Grandchildren: Ways to Save & Invest
Why Invest for Grandchildren?
Investing – and saving – are two of the most important things you can do for your grandchildren, especially as college tuition costs continue to climb.
Students are expected to contribute a higher percentage of savings versus what their parents might be able to, usually 20% vs. a maximum 5.6% of savings for the parents.
Investment Accounts for Grandchildren: Taxable (Custodial Accounts)
When thinking of one of the best ways to invest $1,000 for a child or more each year, consider a 529 savings plan.
Investment Accounts for Grandchildren: Tax-Advantaged (529 Plans: Save for College and Qualified Education Expenses Tax Free)
You can help your grandchildren to choose the best investments that grow with tax advantages from their start as young children and onward into adulthood.
Traditional and Roth IRAs
Coverdell Education Savings Accounts are a type of investment account which make it easier to pay education expenses for your grandchildren.
Coverdell Education Savings Account
Investing for a Grandchild: Saving for Their Future
Properly investing is a way for grandparents to demonstrate that they are committed to seeing generations succeed rather than struggle even if this means changing some things about their lives.
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