Best Gifts For Grandkids

A MyTotalMoneyMakeover.com member asks what the best gifts are for young grandchildren. Dave suggests an ESA, but it really depends on how you want to bless the child.

QUESTION: A MyTotalMoneyMakeover.com member asks what the best gifts are for young grandchildren. Dave suggests an ESA, but it really depends on how you want to bless the child.

ANSWER: I certainly don’t do savings bonds because they don’t pay anything. I suggest people open an educational savings account in a mutual fund in the child’s name. You can put up to $2,000 a year in that and it grows tax-free when used for higher education.

It depends, though, on what you want to bless your grandchild with.