Hey all, trying to get some advice on investing for my kids.
Have an 18m old, and another due in three weeks.
For my 18m old I invest $200 a month. $100 into a 529, and $100 into a UTMA. I am a very big fan of set it and forget it.
My question is, what could I be doing better with $200, that doesn’t require me to actively monitor it.
Really want to get a custodial Roth set up to invest that $100 but my kids don’t work obviously. Yes I’ve seen the loop holes, but don’t feel like getting audited.
- should I do $100 into 529 and $100 into custodial Roth instead? Thanks all!