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First grandchild born today!
Old 03-15-2017, 09:27 PM   #1
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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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Old 03-15-2017, 09:43 PM   #2
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Congratulations!
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Old 03-15-2017, 10:33 PM   #3
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Awesome.
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Old 03-15-2017, 10:49 PM   #4
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Congratulations!
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Old 03-15-2017, 10:54 PM   #5
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Very happy for you--get that budget pumped up!
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Old 03-15-2017, 11:48 PM   #6
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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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Old 03-16-2017, 05:18 AM   #7
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Thanks!! I'm looking forward to those hugs! Budget is not a worry fortunately. Exciting times!
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Old 03-16-2017, 05:26 AM   #8
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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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Old 03-16-2017, 05:26 AM   #9
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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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Old 03-16-2017, 05:44 AM   #10
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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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Old 03-16-2017, 05:58 AM   #11
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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.
Depends on the state tax situation. If you live in a state with no income tax, take a look at Utah's plan.
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Old 03-16-2017, 06:06 AM   #12
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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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529
Old 03-16-2017, 06:12 AM   #13
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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!
Old 03-16-2017, 06:16 AM   #14
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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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Old 03-16-2017, 06:18 AM   #15
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This website may answer your questions about 529's

Grandparents Faqs on 529s - College Savings for Grandchildren
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Old 03-16-2017, 06:22 AM   #16
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This website may answer your questions about 529's

Grandparents Faqs on 529s - College Savings for Grandchildren


Thanks! Good information to know.
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Old 03-16-2017, 07:30 AM   #17
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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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Old 03-16-2017, 07:30 AM   #18
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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. .........................................
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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Old 03-16-2017, 07:37 AM   #19
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Congratulations ! My grandchildren are the joys of my life.
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Old 03-16-2017, 07:42 AM   #20
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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!
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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