It’s Graduation Season again. If you have a child who recently graduated, you’re probably thinking about what sort of present to give. Here’s a suggestion: Consider offering a combination of financial gifts and tips.
For example, you could give your child some shares of stock. Young people enjoy owning a piece of a company that makes the products and services they like – and the act of ownership can inspire them to learn more about investing.
You might also encourage your child to consider opening an IRA. If your child has earned income, he or she can contribute up to $5,500 to an IRA in 2017.
Finally, you could make an appointment with your child to meet a financial professional who can explain how borrowing, budgeting, saving and investing all fit together to help individuals stay in control of their finances.
By providing your children with some appropriate financial gifts and valuable advice upon graduation, you’ll help prepare them to make smart choices throughout their life.
This is Kimber Smith, your Edward Jones financial advisor located at 4767 Mangels Blvd. Fairfield 707-863-0896, Kimber.Smith@edwardjones.com
Kimber Smith, AAMS, CRPC
Edward Jones Investments
4767 Mangels Blvd, Fairfield CA
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