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Reply to "iBonds for kids accounts"
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[quote=Anonymous]One is a grown up and one started working. What tax do you think they pay earning under $20k a year plus some interest? You are losing money to money printing. Let them put the money into a decent ETF in an investment account and used it when they need it. Investment account has liquidity and taxes are no concern until the kids start making the big money. Teach them to DCA, to do the research into what to buy, and what bank to choose. Imagine VOO being $4k 20 years from now while their $10k sits in Ibonds.[/quote]
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