Christening Gifts

[nardibynature123]

What type of investment vehicle do you give to children nowadays? I don't think anyone gives bonds because the returns are so low

 

[adp98]

529 contributions or straight cash homey

 

[NorCalVU10]

Just venmo them...

 

[kjbert]

Make the check to the parents and put 529 on it. DONT make it payable to the kid. Saying this as a father.

 

[NickleDimer]

Make the check to the parents and put 529 on it. DONT make it payable to the kid. Saying this as a father.

True - just to avoid possible bank issues. Most don't give a damn nowadays, though. Are 529s worth it or do you stash it in an IRA to hide it from future financial aid review? Or should I just assume that in 15 years I'll be so f-ing rich that it won't matter?

 

[novabball2]

just give the parents cash, let them decide what to do with it.

 

[lowry99]

Agree with the cash approach. 529s are good mainly for the personal tax break in my view, I might not bother with them if not for the state tax break to contribute, especially in a high income tax state (investment choices are lame and fees stink). If someone else makes the contribution, you can't get whatever state tax break for putting your money in.