savings for grandkids
I want to set up accounts for my 7 grandkids to get when I pass away. What kind of accoounts would be best? I think I need to get CDs in my my name, and they would be beneficiaries.
Terry Says
Nope. Presuming they are young children, you’ll want to open a 529 colleges savings plan for each.
Read this: https://www.terrysavage.com/the-gift-of-college-529-plans/
And I’m assuming you have an updated estate plan of your own — preferably a revocable living trust.
