frayne
Thinks s/he gets paid by the post
My wife and I were recently blessed with our first grandson about four months ago. Instead of buying some goofy X-mas presents that will be out grown or given away after a year or so I would like to start a savings account/college fund for the little guy. Any suggestion on what may be the best vehicle to do so ? Should it be in his name, his parents, mine ? Mutual fund(s), money market account, CD, regular savings ? Any tax inplications ?
Just curious as to what others may have done. Thinking about starting out with about a grand to get the ball rolling. Would appreciate and and all suggestions, comments, or ideas.
Just curious as to what others may have done. Thinking about starting out with about a grand to get the ball rolling. Would appreciate and and all suggestions, comments, or ideas.