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General Parenting Discussion
Reply to "Going to a 5 year old bday party, is 529 contribution a good gift?"
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[quote=Anonymous]We are DINKs but have always been invited to my friends' kids bdays ever since they were born. Would a good gift from now on be contributions to 529 plans rather than give toys etc. for gifts for their bdays? Assuming of course the parents have one in place. The kids ways seem to have a bazzillion toys anyway, and they prob lose interest from ones we gift in a matter of weeks, thus I thought it might just be best to contribute a little to their college slush funds. Who knows, after 10 bdays they may already have $1000 bucks from our contributions, which may help rent a moving van or pay a course fee. Is this a good idea or a lame grandma idea? Would parents generally appreciate this or should bday gifts be exclusively fun based? [/quote]
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