{ "media_type": "text", "post_content": "We recently had a child and now looking to do some recurring investment to secure his future (higher education, marriage, medical etc), looking to withdraw 15-17 years down the lane. What type of investments do you suggest which are good from long term perspective for kids ? Or investment for higher education fund!?", "post_id": "614e028ee90efb0022bdc323", "reply_count": 4, "vote_count": 1, "bowl_id": "58f8108c753e990016608a0b", "bowl_name": "Desi Consultants" }

We recently had a child and now looking to do some recurring investment to secure his future (higher education, marriage, medical etc), looking to withdraw 15-17 years down the lane. What type of investments do you suggest which are good from long term perspective for kids ? Or investment for higher education fund!?

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529 tax advantage account.

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Use the money to be saved for his marriage towards the down payment for a house. Will serve him far better in the long run

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Agreed, forgot to add house

You can do 529 if you are sure kid is going to college because you can’t use 529 for non-educational expenses. OR you can open a brokerage account like ROTH IRA and save there with flexibility to use the way you want if kid decide to no go for college or get 100% scholarship

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