529 Plan Contributions
May 31, 2018
Whenever you feel like your child has achieved a milestone, it’s likely that you’ll want to celebrate with friends and family. It’s very common that, while a child is still young, relatives and family members give gifts like toys and playthings that may seem useful at the time aren’t very beneficial in the long-term at all.
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Instead of stocking up on gifts for your child that you know he/she doesn’t need later on, why not ask relatives to give a more useful gift? A gift like education. Since the cost of a college education is so high, it’s impossible for a family to cover it up all at once. You can ask relatives to make small contributions that can be of help when the time arises.