Consider Financial Gifts for Grandchildren

If you have grandchildren, you probably enjoy spending time with them and watching them grow. And to help them achieve a bright future, you might like to make some financial gifts — but which ones? You have several options. Let’s look at three of them:• 529 plans – When you invest in a 529 education savings plan, any earnings growth is distributed federally tax free, as long as withdrawals are used for qualified education expenses. (Withdrawals used for expenses other than qualified education expenses may be subject to federal and state taxes, plus a 10% penalty.) And in-state residents who…

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Total Eclipse

Reydon High School students viewing the total eclipse on Monday, April 8, 2024. Thank you to Security State Bank for supplying glasses for all the

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