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First grandchild born today!
03-15-2017, 09:27 PM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,638
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First grandchild born today!
My grandson was born today. Six lbs 14 oz. and 19.5 inches. Mom and child are healthy after an emergency C-section, thank God. Son is relieved, proud, exhausted and in awe of a new life and his new responsibilities. It was a good day! Tomorrow I'll research 529 plans to set up his college fund. Next week we'll fly out to meet the little guy. I feel very blessed!
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03-15-2017, 09:43 PM
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#2
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Dryer sheet wannabe
Join Date: Oct 2016
Location: Rural Western
Posts: 16
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Congratulations!
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03-15-2017, 10:33 PM
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#3
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Thinks s/he gets paid by the post
Join Date: Jan 2007
Posts: 1,240
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Awesome.
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Kindest regards.
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03-15-2017, 10:49 PM
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#4
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Recycles dryer sheets
Join Date: Apr 2013
Posts: 201
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Congratulations!
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03-15-2017, 10:54 PM
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#5
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Moderator Emeritus
Join Date: Sep 2007
Posts: 17,773
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Very happy for you--get that budget pumped up!
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“Would you like an adventure now, or would you like to have your tea first?” J.M. Barrie, Peter Pan
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03-15-2017, 11:48 PM
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#6
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 4,172
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Congrats on your new elevated status in life! Don't know where along the line you are but I got promoted from geezer to Grandpa..........best promotion I ever got. Enjoy but remember the best is yet to come.....when they recognize you at the door, give you a big smile and flap their arms, etc.
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03-16-2017, 05:18 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,638
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Thanks!! I'm looking forward to those hugs! Budget is not a worry fortunately. Exciting times!
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03-16-2017, 05:26 AM
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#8
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jan 2008
Location: NC
Posts: 21,204
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Congrats! Big milestone that'll bring a new dimension to your happiness. You get to play with kids, and send them home when you're done!
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No one agrees with other people's opinions; they merely agree with their own opinions -- expressed by somebody else. Sydney Tremayne
Retired Jun 2011 at age 57
Target AA: 50% equity funds / 45% bonds / 5% cash
Target WR: Approx 1.5% Approx 20% SI (secure income, SS only)
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03-16-2017, 05:26 AM
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#9
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 40,586
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Congratulations! Spoiling the grandchildren is such fun. So is turning to your own children when their children are acting up and saying "you were just like that". It brings so much joy to life
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03-16-2017, 05:44 AM
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#10
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,638
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Any suggestions on the best 529 college savings plans? I'm going to start with $20k as soon as the let me know his SSN.
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03-16-2017, 05:58 AM
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#11
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,004
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Quote:
Originally Posted by Dash man
Any suggestions on the best 529 college savings plans? I'm going to start with $20k as soon as the let me know his SSN.
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Depends on the state tax situation. If you live in a state with no income tax, take a look at Utah's plan.
__________________
Numbers is hard
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03-16-2017, 06:06 AM
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#12
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,638
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We're Pennsylvania residents. Our grandson lives in Washington State. We plan to eventually become Florida residents where we spend winters. So for now we'd get the tax benefit from PA.
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03-16-2017, 06:12 AM
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#13
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Recycles dryer sheets
Join Date: Sep 2012
Location: in the sticks
Posts: 473
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529
You may want to bring the kids in on the college planning. An article I read recently mentioned that grandparent held 529's can negatively affect the child's eligibility for other financial aid. However, I guess if budget is not a problem, you may intend on paying for college without financial aid, which is great, leave it for those that need it.
Congratulations! I am about 3 months behind you in grandpa status, can't wait, 'cept DD and family live 1/2 way across the US
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First grandchild born today!
03-16-2017, 06:16 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,638
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First grandchild born today!
Financial aid won't be needed. It'll come from us dead or alive. Of. Course, that's intended for a public university. If they want some expensive private school they're on their own.
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03-16-2017, 06:18 AM
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#15
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Recycles dryer sheets
Join Date: Sep 2012
Location: in the sticks
Posts: 473
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03-16-2017, 06:22 AM
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#16
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2013
Location: Limerick
Posts: 5,638
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Quote:
Originally Posted by Newventurer
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Thanks! Good information to know.
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03-16-2017, 07:30 AM
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#17
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Dryer sheet wannabe
Join Date: Mar 2017
Location: Whitinsville, Mass
Posts: 16
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Congrats !! I sense a relocation is in your near future !! My 2 grandchildren live 2 miles up the road !! Just got off the phone with my 4 yr old grandson. I try daily to be half the man he thinks I am !!
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Doing it one day at a time
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03-16-2017, 07:30 AM
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#18
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Thinks s/he gets paid by the post
Join Date: Jan 2006
Posts: 4,172
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Quote:
Originally Posted by Newventurer
You may want to bring the kids in on the college planning. An article I read recently mentioned that grandparent held 529's can negatively affect the child's eligibility for other financial aid. .........................................
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Traditional advice has been to save the G-parent 529 for the last yr so that it won't interfere w/ financial aid. Grandparents Faqs on 529s - College Savings for Grandchildren
If the G-parent 529 is larger, perhaps it may exceed any financial aid that would have been given?
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03-16-2017, 07:37 AM
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#19
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Gone but not forgotten
Join Date: Jan 2007
Location: Sarasota,fl.
Posts: 11,447
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Congratulations ! My grandchildren are the joys of my life.
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03-16-2017, 07:42 AM
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#20
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Recycles dryer sheets
Join Date: Oct 2013
Location: Bradenton
Posts: 270
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Quote:
Originally Posted by Dash man
My grandson was born today. Six lbs 14 oz. and 19.5 inches. Mom and child are healthy after an emergency C-section, thank God. Son is relieved, proud, exhausted and in awe of a new life and his new responsibilities. It was a good day! Tomorrow I'll research 529 plans to set up his college fund. Next week we'll fly out to meet the little guy. I feel very blessed!
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My first grandchild was born ten days ago. What a life-changing event. almost the same size as yours--6 lbs. 15 oz. and 20". I can't wait for that first hug.
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