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)
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.
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.