No. of Recommendations: 1
cheepsk8 -

You asked: "Is there a way Grandma can contribute to her grandkids(2)education or lifestyle that can benefit her and the kids now instead of an overtaxed semi-windfall later??"

You bet! Have Grandma write a check out to the school directly! This way she'll help finance your daughter's education, avoid the "gift" limitations, and also avoid mucking up any financial aid you might otherwise be eligible to receive. This assistance from grandparents (or any others) also works for college expenses as well.

Good luck & best wishes, PP

p.s. I like your nickname!!!
Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.