So I started saving for my son since he was born 6 months ago. I put in $320.00 a month in a savings account and it’s alittle under $5,000 right now. I noticed that last month I got $.40 cents in interest and with close to $5k I feel as that’s bullshit.
I have a vanguard broker account and would like to just move that all into the VTSAX stock and continue to deposit $320.00 a month until he’s 18 years old.
Other than paying taxes on withdrawal, I don’t see a lot of cons. The stock market usually pull 7-10% interest a year.
What’s everyone opinion on making this move for my son and his future
Submitted November 10, 2019 at 09:12PM by M1576064 https://ift.tt/2KbQpEm
