Financial Guide For First-Time Grandparents

Think beyond the layettes and baby rattles to create such lasting gifts as a college education and an inheritance. Becoming a grandparent changes everything — including, often, your approach to your finances. When you hold the next generation in your arms for the first time, chances are good that money won't be uppermost in your mind. But it won't be long before you begin to think about how you can help to create a solid financial foundation for this newest member of your family. And having a strategy for incorporating your new grandchild's future into your overall financial picture can make a big difference when you're ready. Here's a guide to help you get started.