So my gift giving going forward will be experience based activities and wealth building contributions. I am going to follow your lead of doing what I can to increase our Family’s Generation Wealth
You will be pleased to know that during our Christmas Eve dinner last night, Martin, ( your youngest nephew / Parker’s 7 year 49 week old Cousin, walked up to me and said, “I haven’t forgotten about the Stocks and Bonds” -- a follow-up to my Black Friday explanation to him that I’m switching over to stocks instead of toys.
By Jove, I think he and Parker have got it and so does their Grandma Berta!!
Pleased is an understatement. Reading this was the adult version of waking up on Christmas morning, racing to the tree and ripping open the presents you piled high around our tree overnight! Thank you for this Mom! This is such an amazing gift from you! Merry Christmas.
Do you have a college plan set up for her? What’s your thoughts on that? Trying to see what’s other small steps I can take besides the college plan and life insurance.
Parker has multiple 529 plans. Everyone I've spoken with who has used a 529 plan raves about it. But I'm still about nine years away from experiencing its value first-hand. At this point, I have no reason to not believe in their value. But starting in 2024, you can roll unused assets from 529 plans to the beneficiary's Roth IRA. That adds more value. (Source: https://www.schwab.com/learn/story/529-to-roth-ira-rollovers-what-to-know)
I loved the article. I started a college fund for each child and was able to give the funds to them upon graduation from high school. Our last child is graduating in May and the article inspired my husband to add a nice amount to the fund. I believe that our savior came to deliver us from debt. It is so ironic to entangle ourselves in debt as we celebrate His birth.
Thank you, Dawn. I appreciate you reading and sharing your experience. I love hearing that the column moved your husband to contribute a greater amount. And I think you're absolutely correct about that irony.
Merry Christmas!
So my gift giving going forward will be experience based activities and wealth building contributions. I am going to follow your lead of doing what I can to increase our Family’s Generation Wealth
You will be pleased to know that during our Christmas Eve dinner last night, Martin, ( your youngest nephew / Parker’s 7 year 49 week old Cousin, walked up to me and said, “I haven’t forgotten about the Stocks and Bonds” -- a follow-up to my Black Friday explanation to him that I’m switching over to stocks instead of toys.
By Jove, I think he and Parker have got it and so does their Grandma Berta!!
Pleased is an understatement. Reading this was the adult version of waking up on Christmas morning, racing to the tree and ripping open the presents you piled high around our tree overnight! Thank you for this Mom! This is such an amazing gift from you! Merry Christmas.
That's the gift "that keeps on giving" Darnell!
Absolutely. Merry Christmas and happy holidays to you and yours, Jordan.
Do you have a college plan set up for her? What’s your thoughts on that? Trying to see what’s other small steps I can take besides the college plan and life insurance.
Parker has multiple 529 plans. Everyone I've spoken with who has used a 529 plan raves about it. But I'm still about nine years away from experiencing its value first-hand. At this point, I have no reason to not believe in their value. But starting in 2024, you can roll unused assets from 529 plans to the beneficiary's Roth IRA. That adds more value. (Source: https://www.schwab.com/learn/story/529-to-roth-ira-rollovers-what-to-know)
I loved the article. I started a college fund for each child and was able to give the funds to them upon graduation from high school. Our last child is graduating in May and the article inspired my husband to add a nice amount to the fund. I believe that our savior came to deliver us from debt. It is so ironic to entangle ourselves in debt as we celebrate His birth.
Thank you, Dawn. I appreciate you reading and sharing your experience. I love hearing that the column moved your husband to contribute a greater amount. And I think you're absolutely correct about that irony.