Where Should We Keep Money That Was Gifted to Our Kids?
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Published 2024-07-19
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All Comments (6)
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Not Mom’s Spaghetti!😂😂
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Also remember that there is an annual limit for gifts. When contributing to a 529 it is considered gifted money. The annual limit is high I think at 18k per parent per person, and you can bunch 5 years in one year partially or totally, but then cannot gift more (or just top off the annual limit) for those 5 years.
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Open a brokerage account. Invest the money in index. Your kids don't need to use their gift money. Teach them the finest aspects of saving.
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529 with specific kid as beneficiary or ugtma. i would say ugtma. so subject only to kiddie tax and leave the 529 savings to the parents.
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To youtube all of by talking true but don't sing affirm into country to home place? So which is true sign affirm 🇪🇹🏠?
