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What Would You Sacrifice to Pay for Grandkids’ College?
Posted By Amy Goyer On July 5, 2012 @ 12:54 pm In Home & Family,Money & Savings | Comments Disabled
I was so moved when I read a recent article  about baseball great Don Larsen , who is auctioning off the uniform he wore when he made history in 1956, pitching the only perfect game in a World Series.
That uniform must be like the ruby slippers were to Judy Garland or the lunar space suit to Neil Armstrong or the pen John Adams used to sign the Declaration of Independence. OK maybe we won’t go that far, but seriously – this is something that must be so very dear to this man. This event transformed his life.
But being a grandfather must be even more important to him. He’s willing to sacrifice that uniform to help finance his grandkids’ future. That’s right – he’s letting go of his most prized possession to pay for his grandchildren’s education .
You may not have such an item in your possession, but I bet you love your grandkids  just as much.
The good news is there are other ways you can help support your grandchildren’s education . And with the price of a college education constantly growing they need the help. Tthe annual cost of my alma mater has more than quadrupled since I graduated almost 30 years ago. Ouch!)
Here are a few things to consider:
I sure hope that Don Larsen has planned for his own needs for the rest of his life … giving up that uniform is sacrificing a chunk of his own financial security . Remember – the greatest gift you can give your kids and grandkids is good financial planning for your future needs. Being financially dependent upon them in the future isn’t any gift at all.
Photo Credit: Kidwiler Collection/Diamond Images/Getty Images
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URL to article: http://blog.aarp.org/2012/07/05/amy-goyer-grandparents-financing-grandchilds-education/
URLs in this post:
 Image: http://aarpblog.files.wordpress.com/2012/07/don-larsen-from-bulletin-article-on-aarp.jpg
 read a recent article: http://www.washingtonpost.com/national/don-larsen-to-auction-off-uniform-worn-in-56-ws-perfect-game-to-pay-grandchildrens-tuition/2012/06/28/gJQA3ZPZ9V_story.html
 Don Larsen: http://www.aarp.org/politics-society/history/info-10-2010/where_are_they_now_don_larsen.html
 your grandkids: http://www.aarp.org/home-family/friends-family/
 support your grandchildren’s education: http://www.aarp.org/relationships/friends-family/info-08-2011/grandfamilies-guide-education.html
 contributing to a 529 plan: http://www.savingforcollege.com/intro_to_529s/what-is-a-529-plan.php
 limit your grandchild’s financial aid eligibility: http://www.aarp.org/relationships/grandparenting/info-07-2009/college_aid__the_rules.2.html
 Guiding Your Grands: http://www.guidingyourgrands.com/home.aspx
 his own financial security: http://www.aarp.org/money/
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