Best Investment For Grandchildren
What is the best investment for my grandchildren?Iwant to get something started while they are young before I leave this world? Blessings
Terry Says: Call Vanguard at 1-800-VANGUARD (or go online to www.Vanguard.com) and open a 529 college savings account. You can open one for each of your grandchildren — or combine your gift all in one account and tell the parents that the money should be divided between them. The money in a 529 college savings account grows tax free and can be used by any child in the family, for any college in any state. They’ll help you make the investment decisions, based on the oldest child’s age.