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Gerber Life Plan

TrulyBlessed22TrulyBlessed22 member
in May 2013 Moms
My in-laws would like us to look into the Gerber Life Plan for DD. I plan on looking into it this week but I was just wondering if anyone already has researched it or already signed up for it and what you thoughts are. TIA! :-)
 


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Re: Gerber Life Plan

  • TrulyBlessed22TrulyBlessed22 member
    beaubecca said:

    We decided against it because it's only $10,000 and doubles to $20k eventually. That's really not a drop in the bucket so we decided to just stick with one option that we will pay into as much as we possibly can.

    So the amount required to put into it doesn't make the 10k worth it? It can be transferred to college, correct?
     


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  • TrulyBlessed22TrulyBlessed22 member
    beaubecca said:

    We didn't think it was worth going through an extra plan for that amount. We would rather just invest in college savings all in one place. Although we were supposed to meet with our financial advisor last weekend and had to reschedule since E was sick. So we haven't determined which route we are going yet.

    Gotcha, well thank you for your opinion :-).

     


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  • Angela183Angela183 member
    We met with a bank manager about accounts for LO and decided on one through them which has higher interest than a regular savings account.

     

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  • TrulyBlessed22TrulyBlessed22 member
    Thank you everyone! I appreciate the info :-)
     


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