Open custodial accounts at a brokerage for each of them. Vanguard, Fidelity or Schwab. Invest in S&P 500 fund and forget about it. My 2 cents. They will get control of their accounts when they become 18-21ish depending on your state. Have the dividend ls automatically reinvested
Just my opinion, but I would not include 401k or IRAs in a trust. Make sure those accounts have beneficiaries listed and the money transfers quickly, cheaply and easily.
Land, houses can have a step up in value if in a trust. Meaning significant tax saving to whoever inherited the property. If you bought a house for $100k, and is worth $1M when you die and is inherited, whoever inherited it will pay long term capital gains on $900k. If in a trust, the...
GoodRx is not insurance. Just enter the drug, quantity and dosage and zip code and it will show you prices with the pharmacy nearby. Compare that to your current insurance cost
I have good prescription medical coverage, but the first thing I do is see what I can get the same prescription for using GoodRx. If the price is lower than my copay or insurance price, I tell the pharmacy to use the goodrx price. Many pharmacists are legally prohibited from telling you the...
I generally agree its great to be debt free, but there are some exceptions. My current mortgage is 1.99%, which for a few years was basically free money. I pay off credit card in total monthly, have no car payments. Borrowing at low interest rates can be tax advantage, meaning the borrowed...