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re: Recommendations on an investment account for a newborn
Posted on 4/17/23 at 10:21 pm to redneck
Posted on 4/17/23 at 10:21 pm to redneck
I used the Louisiana 529 start program for my kids and am funding for my grandson now. If you live in Louisiana, you can get an income tax deduction of $2400. After that, when the children start having income you can start a Roth IRA for them. Check out Paulmerriman.com for more info
1
Posted on 4/17/23 at 10:45 pm to Louie11
We did tge LA Start. Depending on your income, state gives matching funds. Of course, they give the most to poor kids...cause government.
We get the bottom 2% because of our incomes.
But thats a free 2% added to your amount each year. Better than nothing.
We get the bottom 2% because of our incomes.
But thats a free 2% added to your amount each year. Better than nothing.
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