How We’re Investing in Our Grandchildren: Trump Accounts, 529s, & Family Traditions
If you have grandchildren or are getting close to that sweet season of life, these are the things you need to know about investing in your grandchildren. I sat down with my husband Zane for a real chat about the steps we are taking to intentionally invest in our grandchildren both financially and in life.
We talk about the kind of legacy we want to leave our two grandbabies (and two more on the way!) that goes so much deeper than money. We dive into the family traditions we hope will anchor them. Plus, we cover the financial tools every grandparent should know right now, including Trump accounts and 529 college savings plans. Zane also shares the compound interest math that will stop you in your tracks!
What to Expect in This Episode:
- How Trump accounts work, what the $1,000 government gift at birth means for your grandchild, and why you need to sign up now
- The compound interest math that will make your jaw drop: how investing $250 a month from birth can build its way up to millions by the age of 65
- Why Zane believes faith, presence, and speaking identity over your grandchildren matter even more than financial gifts
- What grandparent traditions we hope to establish to make lifelong memories: quarterly grandparent weekends, birthday affirmations, lake weeks, graduation celebrations, and more
- How 529 college savings plans work and why grandparents are in a unique position to contribute
- The “multiplier” approach to teaching grandchildren about generosity (and how we used it with our own daughters)
- Why investing in grandchildren by blessing their parents (think date nights, Mother’s Day out, and house cleaners for new moms) might be the smartest use of your resources right now
Links & Resources
Where to Listen
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