‘Tis the season! With it comes the age-old quandary: what do we give our loved ones? While traditional gifts such as toys and games, gift cards, and vacations are popular choices, consider giving a financial-related present. It could be the best gift of all, one that keeps on giving long after the holiday is over.
Financial gifts have the power to positively impact the recipient’s future. For younger people, contributing to a college fund or opening a savings account in their name can help set them up for success. For seniors, gifting shares of stock or a contribution to retirement savings can make the golden years even more enjoyable. Now is an opportune time to make your tax-deductible charitable donations as well.
Let’s discuss the possibilities, which can be tailored to suit each person’s age and needs. Whether it’s teaching kids about the importance of saving or helping adults invest in their future, these gifts can make a lasting difference.
For more money inspiration, check out the articles below. Who knows, you may just find the perfect gift that makes you unforgettable in someone else’s eyes.
Financial Gift Ideas for Any Age
Giving Is Good—For Others, But Also For You
6 Questions New Donors Should Ask Themselves About Charitable Giving
5 Financial Moves to Make While Interest Rates Are High
2023 Year-End Financial Checklist
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