I’m interested in setting some money aside, say $25/week, into an investment account for my future kid(s). My wife and I are planning on starting a family in 3-4 years, but I’m wondering what my investment options are for this situation. I’d like to put at least $25/week into the account and then give it to them when they turn 18 or so. Is a general taxable account my best bet or only option? My basic understanding is that custodial accounts require the kid to actually exist in order to set up the account. What are my options here? TYIA!
Submitted March 07, 2023 at 02:48AM by h084n814 https://ift.tt/QzMYv69
