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The Short Answer

The Best Ways to Give a Financial Gift to Children

Help the kids establish a solid financial foundation with these four strategies.

Question: I'm not rich, but I'd like to set my grandchildren on the right path to saving, investing, and understanding their money. Do you have any tips for giving financial gifts this holiday season?

Answer: Wealthy individuals often go to great lengths to pass assets to their heirs, setting up trusts and using other elaborate mechanisms to ensure an efficient transfer of assets. But don't think you need to be a Rockefeller to have a meaningful impact on the financial futures of your children and grandchildren. You can fund various types of financial accounts with as little as $25 to start.

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