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Message
re: Best investment vehicle for minor children
Posted on 3/9/10 at 2:09 pm to Parliament
Posted on 3/9/10 at 2:09 pm to Parliament
quote:
That's over $100k by the time they graduate HS.
You weren't very good at school were you?
3
Posted on 3/9/10 at 2:10 pm to TheHiddenFlask
Posted on 3/9/10 at 3:14 pm to TheHiddenFlask
quote:
You weren't very good at school were you?
maybe he was assuming this would get a little interest over time
Posted on 3/9/10 at 3:46 pm to TheHiddenFlask
quote:
You weren't very good at school were you?
I couldn't find a reverse annuity calculator online, and no way can I do it long-hand. So I went 18 x $5,000 = $90k. Add interest to that, and you get "over $100k by the time they graduate HS."
ETA: Saved from edit:
quote:
quote: That's over $100k by the time they graduate HS. You weren't very good at school were you?
This post was edited on 3/9/10 at 3:48 pm
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