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  1. #1
    Registered User CanardMedic's Avatar
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    Investment account for your kid?

    I'm looking into an investment account for my kid.
    UTMA, Custodial 529 or Roth IRA seem like the most common ones but they're not all that great. It seems like it's just better for me to just invest the money myself.

    THose with children or those who had one of those account as a kid, what do you all think?
    Thanks
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  2. #2
    Navy-Marine Corps Team nutsy54's Avatar
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    I've started 529s for each of my nephews. Huge advantage, withdrawals for education expenses are tax-free. Since I started when they were 3-5 years old, that will be a LOT of untaxed investment returns by the time they use the money
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  3. #3
    Registered User RosalynNewton's Avatar
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    Its compulsory to have saving account for childern
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    Registered User headturner1's Avatar
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    Custodial retail when they’re young

    Roth once they can show taxable income
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  5. #5
    Rarely here jafomofo's Avatar
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    i have a custodial account with td ameritrade for each of the kids and automatically contrbute monthly. 529 only makes sense if you are sure your kids going to college and won't have another method of paying for school since they get hit with a penalty otherwise. I plan on paying for my kids to go so... stock brokerage account made much more sense.
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  6. #6
    Trancebrah _zman's Avatar
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    I'd lean 529 since school isn't getting any cheaper.
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    Red ymer's Avatar
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    Buy physical gold/silver bullion, put it in a bank safe, your own safe or dig a hole on your backyard or whatever.
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    Registered User headturner1's Avatar
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    Originally Posted by ymer View Post
    Buy physical gold/silver bullion, put it in a bank safe, your own safe or dig a hole on your backyard or whatever.
    Fantastic advice.
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