Investing for a Child's or Grandchild's
Radio Transcript, 60 seconds, for use during week
of March 10.
This is an Invest Wisely minute brought to you by Iowa State University Extension.
Many parents and grandparents want to save for their children’s
or grandchildren’s college education. As long as your own
retirement funds are in good shape, this is truly a gift to the
Consider how long it is until you need the money. Parents and
grandparents of newborns and toddlers can take more risk and
might consider investing most of their money in stock mutual
However, if college is less than five years away, you will want
to move your money into less risky investments such as bonds,
certificates of deposit, or money market accounts.
And by freshman year it would be wise to have most, if not all,
of your money in fixed income investments.
Invest Wisely comes from Iowa State University Extension through
a grant from the Investor Protection Trust providing investor
education on the web at investorprotection.org.