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re: Best investment vehicle for minor children
Posted on 3/9/10 at 11:13 am to bayoudude
Posted on 3/9/10 at 11:13 am to bayoudude
Hire them as employees and pay them $5,400 yearly or whatever you can afford. Pay the taxes for them on the income and then put it directly into a Roth IRA.
Set up a life insurance trust on you and your wife that buys whole life insurance inside a trust with the children named as beneficiaries(sp?).
Set up a life insurance trust on you and your wife that buys whole life insurance inside a trust with the children named as beneficiaries(sp?).
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