Father's Day Gifts... For Your Kids
June 16, 2021
If you’re a dad, you may be in line to get some nice gifts on Father’s Day. But your greatest gift may be your ability to help your children.
One way of doing that is to get them started in the world of investing – and making a few investments on their behalf.
Here are three possibilities:
• 529 plan – If you invest in a 529 education savings plan, your earnings can grow federally tax-free, provided the money is used for qualified educational expenses. (Withdrawals not used for these expenses will generally incur taxes and penalties on investment earnings.) If you in-vest in yo...