{ "media_type": "text", "post_content": "What can I setup for my baby, to make sure my baby is setup for life? \n \n529? Credit Card? Trust Fund? Anything else? \nPros & Cons of these? \n\nChild of immigrants who think cutting coupons and buying gold, is how inheritances are made. So no help there, and no experience in this area. \n\nHHI $375k", "post_id": "61e51b743872c7002e1f408b", "reply_count": 3, "vote_count": 5, "bowl_id": "59064a3cb12379001006592c", "bowl_name": "Personal Investment Chatter", "feed_type": "bowl" }

What can I setup for my baby, to make sure my baby is setup for life? 529? Credit Card? Trust Fund? Anything else? Pros & Cons of these? Child of immigrants who think cutting coupons and buying gold, is how inheritances are made. So no help there, and no experience in this area. HHI $375k

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If you can afford it, do a 529 and a brokerage account. I personally do not trust crypto. It's too volatile for something as important as your child's future.

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Gift them a Bitcoin and forget about it. 20 years down the line they can be millionaires or not.

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Following. Please continue.

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