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The best investment for a baby? |
We just had a baby boy and we want to start put away some money for him, something like college fund...Any advice on what is the best way to go here? Any special accounts the banks have for this type of thing? Sounds great. Remember the best investment you can give your child is your time. The profits will be huge. A stake holder pension love May be can try some education insurance as well Make sure you both have life insurance policies! talk to an accounting firm that specializes in long term investing. however, here are some banks that can help.. Wells Fargo, Bank of America Just do not open any account...Inspite of that spend money of his education and good breeding...Good Health, Full yearly Medical check up, that is the best investment...And you will receive the reward.. A savings accounts, go to the bank and ask it's more the just a savings. Depending on what state you're in you can go with that. Here in FL we pay for all our kids to get a 4 year degree, pay for all fees, and pay towards 2 years of dorm living. It costs about $133 per kid per month and the sooner you sign up the less it costs. It hurts financially (we have 3 kids...), but it will be great when they go and we aren't shoveling out nearly as much money. Congrats on your baby! Enjoy him!!!!!!!!!! baby sized real estate. EE and I series savings bonds. They can be purchased at any bank. Their inexpensive to start purchasing. You can purchase as many as you want, whenever you want. They come in all different denomations. You will need something called an Endowment policy. buy an insurance for 20 yrs You need to start a 529 plan. It is a tax-free college funding plan. I can tell you how to set one up. If you want more info, Nothing in a bank is correct for a college fund until he is 10 or more. Have to get some growth & quicjk at the rate tuition rising. Ck into your state's 529 (college savings tax-free plan). Equities are your only hope of making a dent in the mountain to come. Good luck. 2. Forget insurance plans for him - period. Life insurance for you and spouse. 529k its a college fund or you can prepay your courses at todays prices at certian colleges |
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