Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Basically I want to put away money in my name (for
him) be able to withdraw it when he is college age or
withdraw it later for other things for him. (house
downpayment). What can I put this money into? I don't
want to pay a hefty withdrawl fee.

From your description, you really don't want to do anything different with this money than anything else you would do with money you were investing for the long-term. It might simply be that a separate account(brokerage or otherwise) would segregate the money.

I could give you more suggestions if you gave me an idea of what you would be starting with and how often and how much you would be adding.


Print the post  


Paying For School Guide
What was Your Dumbest Investment?
When Life Gives You Lemons
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?