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[quote=Anonymous][quote=Anonymous]How old are they
What’s the balance
Do the kids know the amount
How are you teaching them to handle when they turn 18 (or do you plan to spend it before then)?[/quote]
4
$65,061.97
lol, no
This is his launch money…condo, business seed money, professional office set-up, whatever, etc., don’t really care as it’s enough to get experience with but not really enough to mess up his future forever if he happens to blow it…he’ll learn either way.  If it’s not $100k by age 8, and/or $200k by 18, I’ll top it off to get it there. I do plan to incentivize him to keep it intact until he’s 25, then finally turn it loose when his brain is finally mature. Goal is to turn over ~$300k by 25.  Original gift in mid-2022 was $35k of appreciated stock. The real goal is to never let the dividends be higher than the kiddie tax limit (currently $2700 for 2026). I do tax gain harvest it just up under the limit yearly and file a paper tax return for him. Also, it’s 100% VTSAX.
I run a Bank of Dad (BoD) for him and pay 6% interest. He’s free to deposit any cash gifts from grandparents with me and collect/re-invest the interest at the end of the month. He seems to understand as long as he deposits the majority of whatever cash he comes into, the monthly interest continues to grow. Fingers crossed that this inspires a lifetime of “paying himself first”. 
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