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Money and Finances
Reply to "Tax Deferred Annuity Basics"
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[quote=Anonymous][quote=Anonymous]Are you thinking of just having an UTMA brokerage account or an actual annuity? Personally I'd stay far away from an annuity (and it's worth thinking about how you'll. deal with things once the kid is of age and it becomes their property ). [/quote] OP here - I am thinking actual annuity account. My kids are older than PP's kid - late teen/slightly over 20 - and they have proven, so far anyway, they are growing up to be responsible adults. They saved us a lot of money by not insisting on 60k/year colleges and this is our way to say "thanks kids." [/quote]
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