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re: Stock for Niece/Nephew/Godchild

Posted on 12/5/14 at 11:55 am to
Posted by Toula
504
Member since Dec 2006
35399 posts
Posted on 12/5/14 at 11:55 am to
I have a 529 set-up for my kid. I give the info to all relatives when they ask what to get him for Christmas, birthdays, etc.

Seems like this is what you are looking for.
Posted by soccerfüt
Location: A Series of Tubes
Member since May 2013
65926 posts
Posted on 12/6/14 at 7:09 am to
quote:

I have a 529 set-up for my kid. I give the info to all relatives when they ask what to get him for Christmas, birthdays, etc. Seems like this is what you are looking for.

"all relatives"?

Buzz Kill and bad form, IMO.

I didn't ask my relatives to pay for my kids' orthodontics, in essence that's what you are doing. (Caveat: If your relatives specifically volunteer to give the kid(s) money or stocks, etc., especially grandparents, then this is OK, but never as the answer to a generic request for what to give a kid.)
This post was edited on 12/6/14 at 7:12 am
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