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Reply to "If your kids have UTMAs"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We just put all monetary gifts they’ve received since birth in them. We don’t contribute. The 15 yo adds her babysitting money. Most of it is invested in ETFs. 10: $27k 15: $34k[/quote] Please do some additional bragging about who is gifting your kids $2500+/ year. This thread is bonkers! (And I’m rich.) [/quote] I posted this. No one is giving my kids $2500 a year each. We’ve steadily invested it and my kids have mostly been alive during a period of good market growth. If they got $2500/year there’d be way more than $27k in the 10 year old’s account. But I come from a north east family where no one gives physical gifts. It’s always checks. So instead of a couple hundred worth of toys, my parents give a check for $300 for each birthday and Christmas and $25 comes like clockwork for every piddly holiday like Valentine’s Day and St. Patrick’s Day. [/quote]
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