How many of you have been to a birthday party for a five year old recently? It’s conspicuous consumption at it’s height. It’s usually a little kid standing in front of a pile gifts that is taller than they are. God Bless America that we can do this, the question is do we want to? At the end of the party we all feel empty inside for giving the kid some useless piece of crap. Wouldn’t you rather give a more meaningful gift? Sure there are options out there and one can donate to a worthy cause or charity in the kid’s name and that’s great. But the kid doesn’t care and in 18 years the kid will be a charity. The average four year school will cost over $250,000 in 18 years. Why not gift directly into the kid’s college savings plan? Great idea right? Well you can’t it doesn’t exist. didn’t exist until now.
I know this is sounding like a cheesy commercial on basic cable, “Gift into a college savings account and receive a set of knives”, but this is why I started Freshman Fund, to allow anyone to gift into a child’s college savings account. Think of it as a registry for college savings, the place to go to give and get the gift of college education.
Tags: 529 College Savings, Gift Giving, grandparents, shift the gift