Just wanted to get some feedback from this board, as I’ve seen many good tips in the past. With my little ones 20 months and 2 months, I’ve already have them started on the 529 plans, but they have also received a decent amount of bonds for birthdays, etc.
I’ve let all family know the 529 plan is an option, and some have chosen that route, and others have given cash, which I’ve deposited in a local brick and mortar bank for now (not talking large sums).
I think there is value in having the brick and mortar type banks so they can maintain thier on accounts like I remember doing as a kid, but is it worth selling the bonds and putting them in better investment vehicles? How do you work with them to understand other savings options other then the typical bank account.
Any advice would be appreciated.