Gifts for new baby
I’d like to purchase a gift for a baby. Many years ago, everyone bought savings bonds for gifts. For a $100 gift, what is your suggestion these days. Thanks in advance.
Terry Says
Ask the parents if they have opened a 529 College Savings Plan for the baby. If they haven’t, please show them this article: https://www.terrysavage.com/the-gift-of-college-529-plans/
When the parents open the plan you can add gifts for birthdays and special occasions. And if it’s a new baby, they might also want to open a “Trump Account” and get the $1,000 free starter money from the government. Read this: https://www.terrysavage.com/trump-accounts/ You could add money to that account, since up to $5,000 in contributions can be made every year.
