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Oct 4, 2015
10:23
:47
pm
KingDave
You might consider and UTMA account for each kid
And you can invest the money like any other brokerage account and it's taxed at a lower rate than if it was in your name.
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KingDave
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KingDave
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Oct 12, 2009
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Messages
Author
Time
<< Deleted >>
cvd6262
10/4/15 10:18pm
I heard that silver is at an all time low
JohnnyComeLately
10/4/15 10:20pm
You might consider and UTMA account for each kid
KingDave
10/4/15 10:23pm
<< Deleted >>
cvd6262
10/4/15 10:32pm
They are not eligible 529 expenses because they aren't directly related to
KingDave
10/4/15 10:34pm
Why would they be?
Kerbouchard
10/4/15 10:34pm
<< Deleted >>
cvd6262
10/5/15 9:08am
Yeah when I saw UTMA there I shook my head. Just what you need, a kid
supertux
10/5/15 9:13am
We put our mission savings in my Roth IRA. Since contributions can be withdrawn
supertux
10/5/15 9:14am
<< Deleted >>
cvd6262
10/5/15 9:18am
BM Acorn, he's got great investment advice.
Veracruz
10/4/15 10:35pm
All depends on how long until you need the money and your risk tolerance.
Kerbouchard
10/4/15 10:37pm
Ours is invested in a target date fund
supertux
10/4/15 10:49pm
If you don't already know, I suggest you pick a "To" maturity date not "Through"
DumpsterFire
10/5/15 12:06am
Muni or treasury bonds are tax free. Rate of return might not be that great. But
SoValleyCOUG
10/4/15 10:58pm
Why Save for Mission
Chicago Cougar
10/5/15 4:05am
<< Deleted >>
cvd6262
10/5/15 7:24am
This. Unless you've already maxed out your tax-advantaged savings vehicles
frontrowcougar
10/5/15 8:12am
Just Auto Insurance and Food and you're about even. With tax break you're making
byucougarsbig12
10/5/15 8:21am
This I agree with. Cost less than him being home, or about the same.
Singcat
10/5/15 8:58am
How about a donor-advised charitable fund?
CougaReb
10/5/15 7:32am
I like this idea. Most donor advised funds require like $5k min deposit though
supertux
10/5/15 8:43am
<< Deleted >>
cvd6262
10/5/15 9:04am
absolutely
supertux
10/5/15 9:07am
This is true. Fidelity requires an initial deposit of $5K, but then allows...
CougaReb
10/5/15 1:41pm
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