Top 5 Must-Have Gifts for New College Graduates

Finishing college is a big deal and definitely deserves a special gift to celebrate. Many family members might think about giving money in a card, but let’s consider this: most college grads are stepping into the ‘real world’ on their own for the first time. Here are five meaningful gift ideas that any college graduate will really appreciate:

1. STARTING A ROTH IRA
You can help new graduates get a head start on their financial future by setting up a Roth IRA for them. It’s a great way to teach them about the importance of planning for retirement early. For many recent grads, retirement seems far off, so they might ignore its importance. Contributing to a Roth IRA is a wise gift that encourages saving and prioritizing their future.

2. STOCK INVESTMENTS
Instead of giving cash, consider gifting stocks to encourage savings. This gift not only helps grads learn about financial markets but also provides a safety net for tough times. Walk them through the process so they understand how their account works and the implications of trading. If dealing with stocks feels overwhelming, look into mutual funds or ETFs.

3. CONSULTATION WITH A FINANCIAL ADVISOR
Even if new grads feel financially savvy, a financial advisor can offer valuable guidance. An advisor can help them plan how to repay student loans, the importance of investing, saving for retirement, and more. Financial advisors can offer helpful advice even for those just starting their careers, and many offer services at a cost similar to a gym membership or phone bill.

4. PROFESSIONAL RESUME REVIEW
A resume usually only gets a few seconds of attention from recruiters. Help graduates stand out in the competitive job market by arranging for a professional resume review. A polished resume can make a significant difference.

5. STUDENT LOAN ASSISTANCE
Many graduates struggle with student loan debt. Consider helping out financially, maybe by making monthly contributions until they find their footing professionally. If you’re a parent and your graduate lives with you, you could lower their rent once they start paying off student loans.

Graduating typically marks the start of a career with an entry-level salary, which calls for smart money management. The best gift for any graduate is financial wisdom and highlighting the importance of a solid fiscal plan.