About the $455 in cash. The last few years have taught me that if you want to do something, you better get it
done before life takes the ability away. First ever withdrawals from my IRA, transferred to my two oldest
grandsons accounts.
10/16/2025 Journal J7NORMAL ...63026 -$2,500.00
10/16/2025 Tax Withholding FED INC TAX WHLD IRA7 -$277.78
10/16/2025 Journal J7NORMAL ...41717 -$2,500.00
10/16/2025 Tax Withholding FED INC TAX WHLD IRA7 -$277.78
Being honest, I thought I would square things up on inheritance from mom, but she may outlive me.
So I thought I should start a while.
I made all four parents promise this would be the kids money, and that the parents would figure out college
without it. I just want to give them opportunities, that neither myself, or anyone I knew, had.
I created a bit of unfairness starting out, as the older boys got $5000 at birth, but the rest was given in dribs
and drabs over another 6/7 years. On the other hand, grandchild #3 got all hers in two deposits in her first
year, and #4 got all of his as soon as he got a SS#.
Not sure what the spread should be, or how I will figure that, but a little closer to correct after today.
They each got $32,250 before today.
Tried to pick out the best stocks at the moment each time. #3 hit NVDA and has a $10k gain on 60 shares.
#1 $73,294 age 11
#2 $71,270 age 9
#3 $64,121 age 4
#4 $37,227 9 months |
