I have a new baby. What is the best yielding way to invest for her?

0 ⤊

I have a new baby. What is the best yielding way to invest for her?

2007-02-20 21:37:16 · 3 answers · asked by foxalam 1 in Pregnancy & Parenting ➔ Newborn & Baby

3 answers

Any kind of "children growth plan".

2007-02-20 21:41:48 · answer #1 · answered by saumitra s 6 · 0⤊ 0⤋

Start an IRA fund for her so when she gets out of college, she can contribute from her salary at her adjusted rate.

Also, begin a 529 plan (Coverdell) to cover her future college tuition. Be sure to calculate future inflation. The sooner the better.

2007-02-21 05:42:27 · answer #2 · answered by SloBoMo 5 · 0⤊ 0⤋

A 529 is nice, but confirm it is a no fee. You can't do an IRA for her until she starts to earn declared income.

2007-02-21 06:26:54 · answer #3 · answered by mo-b 3 · 0⤊ 0⤋