Classifieds

By Lisa Gerstner
From Kiplinger’s Personal Finance
For the children on your gift list this holiday season, you can buy the latest gadgets or fashions—items they may not even recall a year later.
Or with $1,000, you can invest in the younger generation's future with these three ideas that can have a much longer lasting impact.
Consider:
Fund a 529 College-Savings Plan
With a 529, you can invest for your child's future educational expenses. Contributions to the account grow tax-deferred, and withdrawals to pay for qualifying higher-education expenses—including college tuition, room and board, computers, and books—are tax-free. You can also take up to $10,000 per year in tax-free distributions to cover school tuition for grades kindergarten through 12....