Newborn Investment Ideas

[mmctrab]

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research 529's i know they can be good but i think theres penalties u have to worry about and limits on the amount in can grow to or used


But if u have an IRA for yourself put it in there bc it doesnt matter if you end up growing it to more money then is needed for his education and you can take money out of your IRA for educational purposes with out penalty so that seems to be the way to go (theres a chance it might just be for roth but i dont think so)

AND CONGRATS ON BECOMING DAD!

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You can put way more money into a 529 plan than an IRA.