Great graduation gifts for high schoolers and college grads

Don't Waste Your Money

(WXYZ) - With graduation season just around the corner, financial advisor Rick Bloom from Bloom Asset Management has some suggestions for great gifts for the grad, both for those graduating high school and college.

For high schoolers, he's a big fan of investing in a 529 education plan. The Michigan Education Trust offers them.

For college grads, he suggests considering books or magazines that help the grad become more money-smart.

You can hear him talk in depth about both these ideas by clicking on the video player above.

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