How can I invest for my kids future?

Answer 1

Brokerage firms or investment centers have "College Fund" investment accounts.
They offer investment income opportunities with preferential or zero tax liabilities, so long as the fund is used for education expenses by the named recipient, ( Which can be changed ).

There are many levels of risk/return investment to choose from.
Depending on the children's ages, you can amass quite a return.
They have informative booklets where I started one.

TD Waterhouse -Ameritrade.

For general investment and advise, they offer similar investment packages targeted toward varying risk tolerances.
Insurance and/or annuities are good for large estate transfers also.

Answer 2

I'm sure there are numerous programs/plans that you could check into for this but probably the simplest way is to set aside some money from each pay check and put it into a savings account and have it in their name. So when they turn 18 and graduate from high school they will have some money to go to college.

Also, you might want to consider, when your child is old enough to get a job, around 15/16, have them get a part time job and help contribute to their own savings account. This would have them learn about saving for the future and give them something that they would be proud of doing.

Answer 3

I took $50 per paycheck per child and put it in a savings account. Then once every 3 months I have my investor invest the money to make more money so i can send my kids to college. When i get tax refunds or a bonus from work i take out a savings bond for the kids.

Answer 4

Buy an off campus house at your favorite university (or better yet at one where you think your kids might go). Put the house on a 15 year mortgage. Pay the mortgage with the rent you receive from students or faculty. By the time your kids go to school, you will have enough income (with no mtg pmts!) to pay their full tuition while they are in school. If they go to the school where the house is they can have free room & board as well!

Answer 5

I'm not sure about your question. I'll assume you mean for college. In the state of Wa. there's a tuition program for parents. It's called Get tuit. There might be a program like it where you live. Check with your state's education commitee.

Answer 6

UPromise is an excellent way to save for your kids future. You contribute each month and by the time they are ready for school, there is a nice nest egg saved. It is also tax free!

Answer 7

well it is simple
1. go to bank and fill out a investment form (you put money in the investment)
2. when the investment gets you a lot of cash you put in your childs bank acount.

Answer 8

I'd pick 5 DRIP (dividend reinvestment) programs
You can send $25-1000's.mo
no fees,,
you are dollar cost averaging, and in 10-15 years you'll be amazed how much $$ you've accumulated.

Answer 9

there are saving programs just for a child's future. a college.
all you do is save all you can do. talk to colleges when your child reaches 10th grade. there are all kinds of financial help for college and other higher education.

Answer 10

use tax deferred vehicles, see the www.irs.gov for more info on IRS approved accounts also consider good old US savings bonds, they're a great investment and cheap