Are thete disadvantages for opening up a savings account for a baby? Is there an advantage for us as tax payers and parents if we open and fund a savings account for our baby? Is the interest rate worth? Or should I just do savings bonds?
I'm not overly concerned with a tax break but I wonder how protected that money is. I mean we have a home and other liabilities/bills. If we run into a place where we need financial assistance is that savings account going to create problems?
Are people always going to look at it as money we can readily use? I really would only want to do it if it is always his.
Submitted January 11, 2019 at 09:25PM by MrsSpunkBack http://bit.ly/2AK6Wul
