Match your grandchild’s summer earnings and deposit the money in a Roth IRA. Compounding will turn a small gift into a big retirement nest egg.
Growing up, I lived with one of my grandmothers every summer, and during the winter, I lived down the street from the other. Both of them were huge influences in my life. My own children — because of death and distance — scarcely knew their grandparents — a hole in their lives that they probably
If your retirement planning doesn’t include socking away a little money to help your grandchildren, it probably should. There are 65 million grandparents today — a record number — up from 40 million in 1980. And an estimated 4.5 million households headed by people older than 55 include one or more grandchildren. The MetLife Mature Market Institute