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Money and Finances
Reply to "Setting aside money for children: Life Fund"
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[quote=Anonymous][quote=Anonymous]Not sure why you need a separate vehicle. Just keep investing in your retirement and brokerage and give them money if you want.[/quote] Also, are you planning to be full pay for college? If so, this won't matter. If you are, money held in their name is used to calculate financial aid. While they figure you can afford about 6% of your assets and 0% of retirement assets, they figure your child can spend 25% of their assets.[/quote]
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