I have a four month old child and want to help him have a successful financial future. I would like to know what type(s) of accounts I should invest in for him. I currently have a 529 account which I am putting $200/month into. At the moment $200/month is the most I can set aside for him. If I invest in other accounts I will lower the amount I contribute to his 529. Thank you for any advice!
Edit to add: Husband and I both contribute 15% to our retirement accounts (I have a 403B, he has a 401k). We have a 6 month emergency fund. No debt other than mortgage. After paying bills and budgeting for discretionary spending we have $200 left each month we can set aside to invest for our son.
Submitted October 13, 2022 at 09:09PM by chihuahuaclown https://ift.tt/Kx3cWIg
