March 6, 2019

20 Amazing Things Retirees Should Do With Their Money

Open Accounts or College Funds for Grandchildren

If you feel like your retirement is set and you don’t need to sock away more money for yourself, how about starting some investments for those you love? You can open regular investment accounts for your children, grandchildren or other relatives, or you can open specialized educational accounts such as a 529 plan.

An added benefit of a 529 plan is that you can change your beneficiary at any time — even making yourself the beneficiary.

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