Ask Terry Questions Savings for children

Savings for children

By Terry Savage on July 27, 2022 | College Savings / Student Loans

Our grandson is going to be baptized what can we do savings why for him instead of money or a gift?

Terry Says

Does he have a SS number? Most babies do!
Ask the parents.

Then two suggestions:
1. Buy a Series I US Savings Bond for him. Check my column on I-bonds recently posted for details.
2. Open a 529 College Savings Account, and gift more money every birthday or event. Search my co,um s for 529 Accounts. Or go to www.SavingforCollege.com to learn more.

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