My son is graduating from high school and as a gift i would like to give him $500 in his own investment account (Vangard). So he will have a concrete place to start saving, and just putting some away every paycheck. And I think this would give him a place to investigate the different investment options and learn. I think he would get into it once he saw how it all works. He's going to college so i don't see him being able to fund an IRA or any tax advantaged accounts- i just want to introduce him to investing with his savings and build good habits which I never had. He's smarter and more disciplined than I was at 18- and I'm super late to saving for my own retirement (I'll probably never retire). But I'm wondering if there's any advice out there for a good way to get him on this track early. Any advice for a financial knucklehead to break the cycle?
Submitted May 11, 2021 at 12:58AM by rathdro https://ift.tt/3bhV9FI
