No strings attached. I have 529's for each of them at around $60k each. Our plan is to pay for their college credits, rent, and food while living in the dorms. This will be more than $60k. Once the 529's run out we'll cover the rest out of pocket or via future 529 contributions or gains.
Thoughts on this $5k each? Maybe put into their 529's and track for future rollover to Roths? Just add to their 529's to help us cover college costs? Stick into CD's? Not sure how to balance what is "fair" versus financially smart. My boys have no needs and have their own spending money thru jobs (and other grandparent gifts). They trust us to make a good decision and are cool with whatever. We are financially secure being 25 year Bogleheads ($3M NW) so probably good to start thinking about smart wealth transfer anyway.
Thoughts? Suggestions? Thanks so much for your input.