Finance & Fury Podcast

Welcome to finance and fury, The Say What Wednesday edition, today we have a question from Mila: Question We are expecting our first child very very soon, so what is the best way to invest money for your children, apart from the obvious solution of having a dedicated savings account. Where can we get a better return and keeping in mind the different tax implications for having it in my name, my husband’s name, or the child’s bank account? We are looking to give it to them when they are 21. Thank you, Mila Today we will explore those points: Funds for your Kids Gift: we will also do another episode on Education Funding itself. However, this episode is just looking at investing funds Something they can access at 21 to put towards buying a house, holding still, etc. The best solution would be heavily dependent on your situation What are your marginal tax rates, mortgage payments, etc What is the intended purpose of the funds will be at 21 (gifting, education, etc.)?  Considerations: Are the funds being inve