What Is The Best Investment Option For Money That Has Been Inherited By My Minor Children?
二月 8, 2010 | 11:43 上午分类：Network Notepad | 标签：$money$BeenBestChildrenInheritedInvestmentMinorOptionThatWhat | 45 views
A family member passed away last year and left $5,000 dollars to each of my children. The money currently sits in an annuity, something that I am not familiar with other than a brief internet education. Is there a better, and more productive way to invest this money that will enable it to potentially grow at a better rate than the annuity?
3条评论 关于 “What Is The Best Investment Option For Money That Has Been Inherited By My Minor Children?”
First of all, that’s a nice gesture by your deceased family member.
Typically an annuity is an investment vehichle where you can’t receive the money until you are of retirement age which doesn’t make sense in the situation you described. I am guessing that your relative had the money in a variable annuity (probably an IRA) and then named your children as beneficiaries.
I would recommend taking your paperwork to an investment company that has offices in your town (Fidelity, Charles Schwab..,). Let them look it over and find out what kind of account you can put the money in for your children. At that point I would recommend conservative investments and keep the money in your childrens’ accounts until they are adults.
Hope this helps.
buy gold & silver , money in a bank will get inflated away over time . Metals will keep pace with inflation . find a local bullion dealer or bulliondirect.com .
If you are not well-versed in investment knowledge, then stay out of investments. There is no sure thing. A lot of people who have recently lost money in investments wished that they had put their money in bank-safe CDs.