Some background:
- NJ
- work in Philly (city wage taxes apply)
- contributing 15% to TSP
- GS 6. S 4
I opened up a Vanguard account, only to realize I need a minimum of $10k for some funds. Others, only require $3k. Are ETF's practically the same?
I am considering opening up a 529 with NJ. But, I don't like the 'educational purposes' part of it. What happens if my boy doesn't want to go to school? Is this transferrable, tax free?
I also thought about buying an investment property with 15yr mortgage. Paying it off, and handing it over to my son when he is of age and allowing him to do with it what he will.
Basically, I am open to many vehicles and avenues. But, I guess my basic question is where to start, especially with this $3k just hanging in a money market account?
Thanks in advance!
Submitted July 18, 2018 at 05:59AM by fobez https://ift.tt/2L49t9L
