You may want to look at this blog - http://www.minorcon.org/index.html.I think the main issue with IRA/ROTH IRA is that DD would be able to do something foolish, as opposed to Foolish, once she hit 18.With 529, it must go to educational expenses.Did you ever go look at fairmark.com concerning tax issues for minors ?You also may want to consider the ethics of what you are doing and consider teaching your child how to handle money along the way instead of making the assumption that she would make poor choices.If college for her is important to you, consider saving your money to pay for it.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M