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jantimot

30,924 Posts.

174

10/12/14

22:23

Post #: 14441770
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Originally posted by BigLeon ↑

I'm due to have my first child in March, and looking to start putting money away for when they're 18 (or probably older and more responsible). As far as I can tell there aren't really any good tax-beneficial investments to slowly save? If I start with $5000 and put away $100 a week at 10% (just put it in the index) will be around $300k by the time they're 18... put this in the wife's name for tax purposes as she doesn't work right now.

Is there anything better I can do or is this pretty much the limit of my options?

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Seriously, why?

To an eighteen y/o $300k is a ticket to never work.

We put our kids (two out of three so far) through school. Everything else is up to them.
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