birthday gift ideas 5 year old daughter image
Sandra-Dan
We have just been invited to my friends sons first birthday, but I have no idea what gift to get him. I hav a daughter who is 5 months, so have no idea what a 1 years old boy would like lol
Any suggestions would be appreciated, Thank you!
Answer
For my little cousin's 1st birthday, I bought her a toddler pool and a bathing-suit to go with it. Actually something usable (not just another toy) and ended up being Multi purpose. The Mom ended up blowing it up and putting it in her playroom she LOVED crawling in and out of it and playing with her babies in it. : )
For my little cousin's 1st birthday, I bought her a toddler pool and a bathing-suit to go with it. Actually something usable (not just another toy) and ended up being Multi purpose. The Mom ended up blowing it up and putting it in her playroom she LOVED crawling in and out of it and playing with her babies in it. : )
How do I give a one year old money for college?
foxnews247
I have been invited to a friend's one year old daughter's birthday party. I will give her a baby gift , but I also want to give her $25 to $100 for higher education. What are the best options? Saving Bonds? maybe? or Is this a rude or tacky gift?
Answer
Fox:
If you're looking to make a one-time investment to help this young lady with her college expenses, you can't go wrong with a Savings Bond. Savings bonds offers a modest, but guaranteed rate of return, and the entire amount is tax-free to the recipient, if the funds are used to pay for "qualified educational expenses", which includes tuition, fees and text books. The nice thing about a savings bond is that the recipient can always cash it and use it for something other than school, if, for whatever reason, college doesn't turn out to be part of her future. (or if she needs emergency funds before then).
Look for the government's special Series I (the letter i) bonds, not the traditional Series EE bonds that are somewhat more commonplace. I bonds are issued at face value, which means that you'll pay $100 for a $100 bond (EE bonds are issued at half-face - $50 for a bond what will eventually be worth $100).
Without boring you with too much detail, the interest on a Series I bond is based on both fixed rate interest AND a two-times-a-year inflation adjustment. The positive of that is that the return on the bond will keep pace with inflation.
The Series I bonds can be redeemed as soon as 6 months after they are purchased, but there is a penalty if they are redeemed in the first 5 years (3 months of interest). Interest will continue to accrue on a Series I bond for as long as 30 years - so if your young lady friend holds the bond beyond college, she could use it as part of the down-payment on her first home.
Register the bond in the parent or parents' name. The child can be listed as the beneficiary, but not the owner or co-owner, if you want to allow the recipients the advantage of the tax benefits.
For more (detailed) information on using Savings Bonds for education, you can visit the Treasury's special section on their website here: http://www.savingsbonds.gov/indiv/planning/plan_education.htm
What a great idea for a 1st birthday gift. Best of luck to you and to the special young lady!
Fox:
If you're looking to make a one-time investment to help this young lady with her college expenses, you can't go wrong with a Savings Bond. Savings bonds offers a modest, but guaranteed rate of return, and the entire amount is tax-free to the recipient, if the funds are used to pay for "qualified educational expenses", which includes tuition, fees and text books. The nice thing about a savings bond is that the recipient can always cash it and use it for something other than school, if, for whatever reason, college doesn't turn out to be part of her future. (or if she needs emergency funds before then).
Look for the government's special Series I (the letter i) bonds, not the traditional Series EE bonds that are somewhat more commonplace. I bonds are issued at face value, which means that you'll pay $100 for a $100 bond (EE bonds are issued at half-face - $50 for a bond what will eventually be worth $100).
Without boring you with too much detail, the interest on a Series I bond is based on both fixed rate interest AND a two-times-a-year inflation adjustment. The positive of that is that the return on the bond will keep pace with inflation.
The Series I bonds can be redeemed as soon as 6 months after they are purchased, but there is a penalty if they are redeemed in the first 5 years (3 months of interest). Interest will continue to accrue on a Series I bond for as long as 30 years - so if your young lady friend holds the bond beyond college, she could use it as part of the down-payment on her first home.
Register the bond in the parent or parents' name. The child can be listed as the beneficiary, but not the owner or co-owner, if you want to allow the recipients the advantage of the tax benefits.
For more (detailed) information on using Savings Bonds for education, you can visit the Treasury's special section on their website here: http://www.savingsbonds.gov/indiv/planning/plan_education.htm
What a great idea for a 1st birthday gift. Best of luck to you and to the special young lady!
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