ERHC Energy Inc (ERHE)

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loki . . .Texsun2003 gave some good general advice in my opinion. Since I have 2 grandsons, I have studied on this, also.

One side thought has to do with your father's age and health, yours, and your feelings of gambling on the future and how long a grandparent will live. Being a retired educator myself with 4 grown kids and knowing even how difficult it was for one who should know the system as far as loans and grants to get a kid through college, I want to kick out an idea.

Right now I don't plan to give my grandkids any funds for the future. All of my ERHC shares are either in a ROTH or Traditional IRA. If my son or my grandsons had any of this or other funds in their names, it becomes a part of their wealth/holdings when it comes time to fill out paper work and apply for loans, grants, scholarships, etc. There almost seems to be a thought that a parent must expend all savings before help arrives for each child. A child's college fund is included in that. That means they qualify for less while others around them can get help.

They don't look at grandparents. If I am foolish enough to do so and can afford it, I can give a grandchild $5000/month when he he/she hits college, and he can still show up poor as a church mouse on paper. Just a thought. I do plan on helping my grandkids extensively (if this thing pops), but the timing and method are important just as you are doing now.