Congratulations! The arrival of a grandchild is always an exciting time. Since many grandparents wish to assist in covering their grandchildren’s future financial needs, it’s also a good time to consider financial preparations for the future. If you hope to provide funds to your grandchildren, both 529 plans and trusts are beneficial options.
Financial planning isn’t just for people nearing retirement—it’s a lifelong process that works best when started early. While it’s never too late to build a strong plan, starting