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Reply to "Custodial account for investing"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]So your kid can launch after college with $500k in investments, like mine.[/quote] Love this. We use the UTMA so our children get firsthand stock investment experience. They love it. [/quote] Exactly! I just don't understand the mindset of growing your own investments past the point where you can't possibly spend them in your lifetime. It's better for you (tax-wise) and better for your kids (learning, launching) to give them money routinely once you establish they are on a decent path to be a productive member of society. Most don't need an inheritance at age 50-60; it's just not useful at that point.[/quote]
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