Investing for your children: a guide
Tuesday, December 30th, 2008While your baby is small, a child trust fund brings nothing but joy. You have free money, a readymade receptacle for grandparental Christmas presents, and you can make regular contributions too.
When your child turns 18, on the other hand, if this remains your sole vehicle for investment, it may be a recipe for disaster. For starters, what will happen if one child had a CTF and the other was too old to qualify? And, if all your children qualified, how will you feel if the money you worked hard to squirrel away is splurged on teen delights? You may, therefore, want to look beyond the CTF when investing for your children. (more…)













