This time it isn’t for me. It is for Ellie. No toys for dad.

We have a 529 account for Ellie and rather than get a ton of toys (as fun as they are), I’d like to get as many contributions to her college savings account as we possibly can.

A value comparison:

  • $25 toy - in 3-12 months will have fully depreciated to $0 in value
  • $25 donation to 529 plan - at a 12% annual increase will be worth $172 by the time she goes to college
    • if that were 20 donations of $25 they would be worth $3433

So how do we ask for that without sounding like jerks? Luckily, the same people that would give her presents are the ones that will read this so I not only got the thought out of my head, I’ve done a small sales pitch to the concerned parties.

Would this be too much of a request?