Season 6

Holiday Gifts for Kids

Episode Notes

From specialized piggy banks for younger children to establishing custodial brokerage accounts or Minor Roth IRAs for teenagers, there are a variety of ways you can give your kids a head start on understanding the importance of saving, investing and appreciating money this holiday season. And don’t forget the most important gift of all—a college education, which you can make more affordable by establishing a 529 College Savings Plan for each child. Earnings are never taxed and can be withdrawn tax free if they’re used to pay for qualified educational expenses. Each parent can contribute up to $15,000 per year per child with no gift tax implications and each grandparent can make one-time, gift-tax free contributions of up to $75,000.

For further research:

  • Next Avenue, The Best Financial Gifts for Kids and Grandkids
  • Money Gifts for Children
  • Give younger children a hands-on lesson in personal finance by purchasing a piggy bank with four chambers representing saving, investing, donating and spending.
  • A credit union offering a wealth of finance-related educational resources for younger children.
  • Use this app to manage your child’s finances, set up chores lists and pay them when they’ve completed them.
  • This banking and investment app lets your kids automatically “round up” credit card purchases and invest the “change” into a retirement account.
  • Open a stock investment account for a child for as little as $5 and buy gift cards that let them purchase fractional shares of companies they like.
  • Learn more about 529 College Savings Plans and compare different state options.
  • Give your teenager or college student a digital subscription to this highly respected source of information and guidance on saving, investing and personal finance.
  • Venmo: This app makes it easy to electronically send money to your kids.
  • Beth Kobliner, Get a Financial Life: Personal Finance in Your Twenties and Thirties


Recent Podcasts

Season 8
Tax Tips — Don’t Procrastinate!

Show Episode Notes

The clock is ticking towards Tax Day, April 18. Here are some timely tips for tax form procrastinators.

For further research:

Season 8
Annuities for Retirement Income

Show Episode Notes

Mention the word “annuity” and most investors recoil. There seem to be so many hidden secrets and costs.  And high pressure sales tactics along with "free dinners."

In today’s podcast we unravel those mysteries – with the one man who has consistently worked to educate the public to the ins and outs of annuities – as well as some of the better uses of these insurance company contracts.  Stan Haithcock’s website – -- is a great resource for free basic information and good advice on annuities.  And Stan is one of the most entertaining financial speakers you’ll ever meet.

So, sit back and enjoy our podcast.  We devote special attention to Multi-Year Guaranteed Annuities (MYGAs), now yielding over 5.5%.  They’re the insurance industry’s version of a bank CD, without the FDIC backing.  And they are a great way to improve yields either inside or outside your IRA.

To read more about MYGAs, here’s a link to Terry’s column on the subject:

And if you’d like to listen to more of Stan’s terrific approach to financial markets, both Terry and Pam have recently joined him on HIS podcast.  You’ll find the links to these conversations here:

Terry Savage: The Savage Financial Truth in 2023

Pam Krueger: Your Wealthramp to Fiduciary Advice


Show Episode Notes

Podcast Hosts

Pam Krueger

Pam Krueger

Terry Savage

Terry Savage


Richard Eisenberg

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