Investing 102

[GregWeld]

Originally Posted by Vortech404

What do you all have started for your children?
My son is 1 1/2 years old. Did you guys start a 529 college fund
Or is there something else I could start for him. As I understand
He cannot start a Roth because you need to have earned income.

Can I gift money into that?

Thanks
John

Trey gave you some good advice John --- see a professional with these kinds of questions. There's about half a zillion different ways to save money for a child -- but there's no one right way. It needs to be worked out for YOUR goals and income strategy.

There are "gifts" you can give --- each spouse - to the child - tax free - for both of you. There are limits per year and per lifetime etc. So you really need to get educated on all this stuff. IT will make a huge difference for them.