Thinking about ways to set your grandkids up for a brighter future? In this episode of Purposeful Planning, we dive into options for grandparents who want to provide financial support, whether it’s for college, a first home, or even a head start on retirement savings. We’ll explore everything from 529 education plans to custodial Roth IRAs, each with its own benefits and tax advantages. Stay tuned if you’re looking for the best way to leave a financial legacy.

Sources:

1. https://www.aspenwealthmgmt.com/resource-center/blog/the-gift-that-goes-with-everything-holiday-ideas-for-grandparents/
2. https://www.aspenwealthmgmt.com/resource-center/blog/financial-gifting-to-grandkids
3. https://www.collegewell.com/private-college-529-plan/#FAQ
4. https://www.investopedia.com/terms/c/coverdellesa.asp#toc-coverdell-education-savings-accounts-vs-529-plans
5. https://www.aspenwealthmgmt.com/contact-us-fee-only-advisors-fort-worth

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This information has been derived from sources believed to be accurate and is intended merely for educational purposes, not as advice.

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