- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Custodial Account Funds- Schwab
Posted on 8/14/23 at 7:28 am
Posted on 8/14/23 at 7:28 am
I’m looking for some recommendations on investment funds for two custodial accounts through Schwab. Accounts are basically wedding funds for our daughters, have about 20+ years for the funds to grow. I’d prefer low maintenance as I’m not the savviest investor. Was thinking just a basic S&P 500 or a 2040 target index fund. Any recommendations welcome.
6
Posted on 8/14/23 at 7:35 am to LSUisKING12
No need for a target date fund for kids. Do one of the ETFs that track the S&P and forget about it.
Posted on 8/14/23 at 9:23 am to LSUisKING12
SWPPX is Schwab's S&P 500 Index mutual fund.
Very low fees (.020%) and no loads or commissions to buy or sell.
EDIT: I've had my children's funds in SWPPX for over 20 years and this mutual funds does a good job of mirroring the S&P500 Index. If you sell units in the fund in order to raise cash for a withdrawal, the funds are available for withdrawal the next day.
Very low fees (.020%) and no loads or commissions to buy or sell.
EDIT: I've had my children's funds in SWPPX for over 20 years and this mutual funds does a good job of mirroring the S&P500 Index. If you sell units in the fund in order to raise cash for a withdrawal, the funds are available for withdrawal the next day.
This post was edited on 8/14/23 at 10:15 am
Posted on 8/14/23 at 10:22 am to LSUisKING12
quote:
I’m looking for some recommendations on investment funds for two custodial accounts through Schwab. Accounts are basically wedding funds for our daughters, have about 20+ years for the funds to grow.
How old are your daughters. Custodial accounts will be turned over to them at the age of majority (18) in a state like LA. The wedding fund now may not pan out as such.
Posted on 8/14/23 at 11:21 am to LSUisKING12
For 20+ years, you might want to compare a total market index fund vs. SP500. I think schwab as both types.
Posted on 8/14/23 at 1:13 pm to LSUisKING12
VTI
Posted on 8/15/23 at 5:32 am to LSUisKING12
Saving for retirement is important for the future.
If you have enough for retirement, your kids won’t have to help you.
529 is probably a good idea. Can be used for college or converted to Roth(up to annual limits starting in 2024.
An extravagant wedding is a nice day, but some couples might prefer a smaller wedding. I guess you could gift the couple money over the years(up to the limit of the gift tax).
If you have enough for retirement, your kids won’t have to help you.
529 is probably a good idea. Can be used for college or converted to Roth(up to annual limits starting in 2024.
An extravagant wedding is a nice day, but some couples might prefer a smaller wedding. I guess you could gift the couple money over the years(up to the limit of the gift tax).
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News