06-17-2014, 03:49 PM
Is this your first grand child? Great news and you are exactly correct. If possible put some money towards the childrens future when they are young. It doesn't have to be $1000, but could be smaller amts.
We started DRIP's for our grandkids and though we haven't put money in every year, they now have over $15,000 accumulated. If they do nothing but leave it as is, in thirty years it will be worth almost $3/4 Million. If they started putting $1,000 a year in they will be Millionaires when they want to retire.
We started DRIP's for our grandkids and though we haven't put money in every year, they now have over $15,000 accumulated. If they do nothing but leave it as is, in thirty years it will be worth almost $3/4 Million. If they started putting $1,000 a year in they will be Millionaires when they want to retire.