Just getting more serious investing with the hopes of leaving my kids a substantial amount of money. Between maxing out my 401k, Roth IRA, and investing in individual brokerage accounts, now I'm wondering what the best option for investing for my kids would be. I know the 529 is the most recommended for college tuition but I would like to set them up to be able to do whatever they want. I realize the 529 gets taxed if it's not used for college, are the taxes more/less/equal to what they would be for a brokerage account? I will obviously encourage them to go to college but if they decide to go a different route I want them to be able to use the funds . Their ages are 9, 8, and 5
Edit no idea how the word intoxicating slipped in there