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Thunderbirdsarego

3,602 Posts.

57

09/12/14

22:26

Post #: 14435456
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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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you could also stop at one child and give the next 300K to yourself
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