Who doesn’t love giving a gift to a child? It’s a warming experience that comes with smiles and hugs galore. Consider, however, that some children’s gifts, such as toys and clothes, have a shelf life. Kids outgrow both. So what are some ideas for gifts that are both lasting and beneficial?
Parents and grandparents often decide that a financial gift can be a lasting gift that shows they care. Giving cash for the holidays and birthdays is one option. Another option is to give a financial gift that keeps on giving.
Life insurance rates are determined by such factors as health, length of term and coverage amount. However, an applicant’s age has the biggest influence on the annual premium he or she will pay. Insurance rates go up as a person ages, making coverage more affordable for healthy individuals under age 50 than for older adults nearing or in retirement.
An emergency contact list can save precious time when needed the most. By creating an emergency contact list, you won’t need to scramble for a phone number when time isn’t on your side.
Which Numbers to Include on the List?
Your emergency contact list should include the phone numbers of the most essential people in your family’s lives, such as:
There are many ways to save for a child’s college education and maximize the funds with such tax-sheltered savings as Series EE Bonds.
A Series EE Bond also known as a Patriot Bond is a low-risk investment whose earnings are usually subject to Federal income taxes. However, a savings bond education tax exclusion makes it possible for U.S. taxpayers to cash in bonds tax-free, when the money earned is used to pay for qualified higher education expenses in the same year that the bonds are redeemed. Examples of qualified education expenses include tuition and fees, but exclude room, books and board.
One of the joys of being a child is living “in the moment,” and one of the joys of parenting is watching their kids enjoy life’s moments. Parents also know that keeping an eye on the future and giving their kids a financial head start also comes with the job.
The Gerber Life Grow-Up® Plan1 is one way to accomplish that goal. Here’s a look why: