Want to Help the Grandkids, but Not Sure How? Keep Listening.

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  

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.  

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

This recorded posting utilizes AI generated voiceovers. While the Firm strictly prohibits the use of AI for advisory activities constituting investment advice, financial plans, portfolio analysis and management, and reporting, the use of AI for other purposes, such as voiceovers, is permitted and utilized for the firm’s recordings. 

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