Been thinking a lot about financial planning lately - Is there anything we can be doing beyond funding 529s for kids? I'm not self-employed or have a business to start funding a Roth IRA in their names (as shady as it sounds, this seems to be very popular).

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The old-school UGMA account is a way to put more assets in their name. Caveat is that they have legal control of it at 18 (maybe 21), and have to pay taxes.

likehelpful

Or you can be like my parents and not tell you about it lol

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You can probably start a cash value life insurance policy in their name if you have extra cash you want to send their way. Income is tax free and insurance drag is low since they are kids. You get to decide when they take it over unlike UTMA. Then they have insurance and cash when ready to start out in life.

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