Verna and I have been blessed with new generations in our family; our granddaughter gave us a great grandson, Alex, and our daughter-in-law presented us with a grandson, Jerry. Both have been born within the last two years. We decided it would be a good idea to start an investment/savings plan for each of them.
Within the past two weeks, we opened a Universal Transfer to Minors Account (UTMA) for each of the boys. Since we both have accounts with the well-known brokerage seen above, we went through them to establish the boys’ plans. As of this evening, they are each vested in a mutual fund designed to produce growth in the equities, and for us to continue to contribute via periodic automatic investments and the occasional special gift for birthdays and such.
