What are some options and/or resources out there? Although I have a savings account for my children,what more can I do to help them out in the long run? Nothing risky, I just want to be able to provide for them when the time comes.
2006-07-15 18:52:01 · 6 answers · asked by gucciandlouis 3 in Business & Finance ➔ Insurance
Thank you to all for taking the time to answer.
2006-07-15 18:59:21 · update #1
gerber baby grow up plan
2006-07-15 18:55:14 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The gerber plan is actually more expensive than other companies' child plans. Shop around.
Bottom line is that there are many issues involved in planning for a child's future. The best thing you can do is go speak with a number of financial professionals. Keep searching until you find one that you trust. He or she should ask about your goals and resources (income and current savings) as well as your current insurance coverage. Some issue require a lawyer (such as determining guardians if you should die).
Go talk to a financial pro.
2006-07-17 14:41:28 · answer #2 · answered by insuranceguytx 5 · 0⤊ 0⤋
Look into the Section 529 plans. I'm in the College Savings Plan of Nebraska. There are some really good tax advantages, cost benefits, and flexibility built into the 529 plans. Check out your state's plan. Most of them have excellent Internet resources and you can even call them if you have any questions. You can also buy direct, if you prefer -- so salesman is necessary.
2006-07-16 13:42:25 · answer #3 · answered by Matthew V 1 · 0⤊ 0⤋
You really already doing what you need to do, you have a savings account. Next, I feel that the best way to plan for your child's future is to be the best darn parent you can be now! It will definitely pay off, big time.
2006-07-15 18:58:28 · answer #4 · answered by Sexy Lady E 2 · 0⤊ 0⤋
Index funds are fairly safe. While nothing is absolutely no-risk, they have a track record of long-term continual growth. From the numbers that I have heard, putting 500 bucks into one each month for 10 years and not touching it, results in about a million bucks after 20 years. I don't remember the numbers for sure, but I believe that is fairly close.
2006-07-15 18:57:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i choose 6, possibly 7. If I in basic terms have 6, i'd foster a baby. (B) Jace James (B) Alec Xavier (B) Charles-Henry Matthew (after my father) (B) Lincoln Sage (G) Rowan Elizabeth (G) Kaylie Grace If I had a seventh baby i'd call him Jacoby Graham yet i'm no longer particular
2016-11-06 10:49:43 · answer #6 · answered by Anonymous · 0⤊ 0⤋