CHICAGO (WLS) -- Giving gifts are a big part of the holiday season, but that doesn't mean just toys and games. Giving a financial gift can last a lifetime.
A 529/College Saving Contribution, stock shares, charitable contributions and student loan assistance can grow over time. Financial gifts show a true investment in the future of the recipient. While a holiday gift is unlikely to erase the whole debt, it's extra money that provides added financial flexibility and may help him or her expedite the repayment process.
Kathy Roeser, a managing director and wealth advisor with Morgan Stanley in Chicago, sat down with Eyewitness News to weight the pros and cons of many financial gifts.