Besides an education saving's account, what are the other ways to save money for my baby? - baby education
Right now my 4 month old baby. I lift my savings account for his studies, but wonder what is the best way to save them, so I am also a separate fund. I also wonder if there is a savings account or CD for him in his own name and office opened, I have to file a tax return for him? Thank you!
Friday, February 19, 2010
Baby Education Besides An Education Saving's Account, What Are The Other Ways To Save Money For My Baby?
Subscribe to:
Post Comments (Atom)
5 comments:
Depending on the amount of money and how you want to be sure, there are money market accounts, savings bonds, savings bonds or you are a little risky, but the possibility of higher returns that stocks and mutual funds.
Tax laws can understand your child (ren) to 's taxable income in its own statement to a certain amount, you do not have a separate exchange for small amounts of income file.
A savings account for education and UTMA accounts, and EE bonds, which are in the sales for your child.
If the money for training then I suggest you look at 529 College Savings Plan. You can make a tax deduction for state spends the money grows tax-free and absolutely nothing is taxable when withdrawn the funds to be paid for higher education. Taxes on the name of this type are low and can be designed in various funds that you can increase return on investment over time. The general plan has access to a common fund balance, which invests in stocks and bonds. If you leave the funds in the account for years, not a bad choice for the long term.
I would stay away from brokers and insurance products. Variable Annuitiessound good when you realize that no one manages his money and the agent receives 10% to 15% of the money you invest. Never mix of investment and insurance products for the insurance and investment poor.
Savings bonds, CDs, UGMA / UTMA accounts. I hope that "savings account studies" means a plan of 529th If not, you have to prove.
Also, look into the variables of the Universal Life. It is there that the purists say it is a terrible idea, but decades of tax deferral and tax-free withdrawals, coupled with the likelihood that your child is never to make life in the future may very good choice.
Savings bonds ESA.
Well, I can not say anything about the tax issue. But I can say quite clearly to save for your baby. It is easy, but it works very well for me and my husband, we bought a piggy bank for our son (before birth) and all the pieces that we are in him, and opened a regular savings account. and every time I drank the bank the money we put into it, and she was 9 months pregnant, we have saved more than $ 300 for him. And you have nothing to fear diddint to his name (although we speak) b / c it's easier to put them in ours, and none of us ever touch the money that belonged to our son anyway, so I'm sure woulda
Post a Comment