T-Bills/I-Bonds as gift for kids
Good evening Terry, with the holidays approaching, for Christmas gifts for our younger family members, what is the better gift for my husband and I to give, I-Bonds or T-Bills? And do I need to get their SSN or use mine or my husbands? Also, who is the beneficiaries? Thanks for your help,
Terry Says
Read this about gifting I-bonds to children. That is the only appropriate gift, and if you keep them in your “gift box” it won’t impact their assets for future financial aid for college.
But I might also suggest you open a 529 College Savings Account for them, depending on their ages. That gift will be even more useful!! Read this:https://www.terrysavage.com/529-plans-even-better-now/
