What’s the best gift for grandson entering USC?

vacock

Joined Oct 26, 1998 • Garnet Trust Supporter
Jan 20, 2022
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Is the best gift some condoms?
Or telling him about Gamecock lore such as the meaning of ABC?
 

Uscg1984

All-Conference
Mar 9, 2006
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If he had a summer job this year or a part time job during the semester, set up a Roth IRA for him and fund it to the extent you are able, up to his annual earnings or $7500, whichever is greater. Assuming he's 18 years old, he'll be growing retirement about 10 years before most people even think about funding retirement. By the time he's 59 1/2, your gift will have doubled between 5 and 6 times if it's invested in an S&P index fund. If you can only muster a $1K contribution for him this year, it will grow to between $32K and $64K by the time he retires. That's powerful stuff. If you can muster a $3K to $5K contribution . . .
 
Feb 11, 2006
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If my grandparents have given me Cash it would of been gone after a wild and fun night at five points, maybe giftcards to target and walmart for supplies is better, LOL
 
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DannyTree1

Sophomore
Jun 4, 2026
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Is the best gift some condoms?
Or telling him about Gamecock lore such as the meaning of ABC?

Just had 2 graduate from USC in the last 3 years.

Best gift I gave each of them was to go down and take them to lunch about once every 2 weeks. Of course, that was really a gift to myself.

One of mine wanted to go once every 2 weeks. My son who graduated this year, he wanted to go every week with me- usually on Friday. Then we would run by the grocery store and I'd buy him groceries for the week.
 

Lurker123

All-American
May 4, 2020
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Best gift I gave each of them was to go down and take them to lunch about once every 2 weeks. Of course, that was really a gift to myself.

One of mine wanted to go once every 2 weeks. My son who graduated this year, he wanted to go every week with me- usually on Friday. Then we would run by the grocery store and I'd buy him groceries for the week.

Congrats, in the entire time you've been on this board, this is the first post I not only agree with, but dont think was written by some college intern for the Democratic party.
 
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gamecock stock

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Jan 21, 2022
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As long as either me or my wife are alive, none of our grandchildren will be short of cash while going to college. I know my children will have them covered. But, we will be their backup plan. In the meantime, we will be sending them money periodically, regardless. My oldest is starting college this week. He told me his girlfriend spends money as soon as she has it. I told him, "Welcome to the real world". :LOL:
 

Legal_fowl

Junior
Apr 3, 2019
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As long as either me or my wife are alive, none of our grandchildren will be short of cash while going to college. I know my children will have them covered. But, we will be their backup plan. In the meantime, we will be sending them money periodically, regardless. My oldest is starting college this week. He told me his girlfriend spends money as soon as she has it. I told him, "Welcome to the real world". :LOL:
He probably needs a new girlfriend ....
 

Lurker123

All-American
May 4, 2020
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As long as either me or my wife are alive, none of our grandchildren will be short of cash while going to college. I know my children will have them covered. But, we will be their backup plan. In the meantime, we will be sending them money periodically, regardless. My oldest is starting college this week. He told me his girlfriend spends money as soon as she has it. I told him, "Welcome to the real world". :LOL:

My son asked about how much money is needed for spending money at college.

I said that there are two major expenses, beer and women. He doesn't appreciate drink like I did, so hes down to "just" needing money for women.

He's taking out multiple loans. :)
 

bayrooster

All-American
Aug 21, 2003
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My son asked about how much money is needed for spending money at college.

I said that there are two major expenses, beer and women. He doesn't appreciate drink like I did, so hes down to "just" needing money for women.

He's taking out multiple loans. :)
Money for treating the ladies would cover both.
 

Piscis

All-Conference
Nov 30, 2001
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Not sure about that. I met her. She is VERY pretty. That said, they are going to universities at the opposite ends of this state. So, he won't be spending money on her except on breaks or the summer.

Going to different colleges rarely results in long term success in a relationship. If she is very pretty, there are plenty of guys at her college courting her and I'm sure there are quite a few pretty girls at his college that can turn his head.

I've found that "out of sight, out of mind" generally trumps "absence makes the heart grow fonder".
 

gamecock stock

All-Conference
Jan 21, 2022
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Going to different colleges rarely results in long term success in a relationship. If she is very pretty, there are plenty of guys at her college courting her and I'm sure there are quite a few pretty girls at his college that can turn his head.

I've found that "out of sight, out of mind" generally trumps "absence makes the heart grow fonder".
I agree.
 

atl-cock

All-Conference
Jan 18, 2022
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If he had a summer job this year or a part time job during the semester, set up a Roth IRA for him and fund it to the extent you are able, up to his annual earnings or $7500, whichever is greater. Assuming he's 18 years old, he'll be growing retirement about 10 years before most people even think about funding retirement. By the time he's 59 1/2, your gift will have doubled between 5 and 6 times if it's invested in an S&P index fund. If you can only muster a $1K contribution for him this year, it will grow to between $32K and $64K by the time he retires. That's powerful stuff. If you can muster a $3K to $5K contribution . . .
And let's hope that inflation does minimal damage.
 
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