Hello, our newborn is roughly 2 months old now and we received a generous gift of $5,000 from her great grandparents to put towards education. They are stuck in the past and said to get savings bonds. My wife had the same bonds and they were often difficult to work with and hit you come tax season. They also recommended ibonds which still doesn’t seem all they appealing. After some research I think the best bet might be to open a 529 account for her since it is tax free if used for college/room and board/ books/ and other expenses. Is this a better choice. We are new to this and any help is much appreciated!
Submitted September 10, 2021 at 08:39AM by candmkubs https://ift.tt/3tvmMmC
