[earlyretirement]

I have 2 small kids and I set up a UGMA account for them when they were born. It was difficult finding all the various benefits with each option but I felt this was the best as I can trade in their account for them. My wife and I both contribute up to $26,000 each year for each child. With compound interest it should do very well by the time they reach College age.

I read the other post where a parent worried about their kid being a loser and having all of these funds but what is there for the kids to be notified about this account? I know in my plan my wife and I never plan to tell them they have this account set up for them so they work harder at school. And maybe even use it to purchase gifts for them. For example, if the get straight A’s, being promised a car. I don’t believe there are any limitations for withdrawal as long as it’s benefitting the recipient.

[earlyretirement]

I have 2 small kids and I set up a UGMA account for them when they were born. It was difficult finding all the various benefits with each option but I felt this was the best as I can trade in their account for them. My wife and I both contribute up to $26,000 each year for each child. With compound interest it should do very well by the time they reach College age.

I read the other post where a parent worried about their kid being a loser and having all of these funds but what is there for the kids to be notified about this account? I know in my plan my wife and I never plan to tell them they have this account set up for them so they work harder at school. And maybe even use it to purchase gifts for them. For example, if the get straight A’s, being promised a car. I don’t believe there are any limitations for withdrawal as long as it’s benefitting the recipient.

[earlyretirement]

I have 2 small kids and I set up a UGMA account for them when they were born. It was difficult finding all the various benefits with each option but I felt this was the best as I can trade in their account for them. My wife and I both contribute up to $26,000 each year for each child. With compound interest it should do very well by the time they reach College age.

I read the other post where a parent worried about their kid being a loser and having all of these funds but what is there for the kids to be notified about this account? I know in my plan my wife and I never plan to tell them they have this account set up for them so they work harder at school. And maybe even use it to purchase gifts for them. For example, if the get straight A’s, being promised a car. I don’t believe there are any limitations for withdrawal as long as it’s benefitting the recipient.

[earlyretirement]

I have 2 small kids and I set up a UGMA account for them when they were born. It was difficult finding all the various benefits with each option but I felt this was the best as I can trade in their account for them. My wife and I both contribute up to $26,000 each year for each child. With compound interest it should do very well by the time they reach College age.

I read the other post where a parent worried about their kid being a loser and having all of these funds but what is there for the kids to be notified about this account? I know in my plan my wife and I never plan to tell them they have this account set up for them so they work harder at school. And maybe even use it to purchase gifts for them. For example, if the get straight A’s, being promised a car. I don’t believe there are any limitations for withdrawal as long as it’s benefitting the recipient.

[earlyretirement]

I have 2 small kids and I set up a UGMA account for them when they were born. It was difficult finding all the various benefits with each option but I felt this was the best as I can trade in their account for them. My wife and I both contribute up to $26,000 each year for each child. With compound interest it should do very well by the time they reach College age.

I read the other post where a parent worried about their kid being a loser and having all of these funds but what is there for the kids to be notified about this account? I know in my plan my wife and I never plan to tell them they have this account set up for them so they work harder at school. And maybe even use it to purchase gifts for them. For example, if the get straight A’s, being promised a car. I don’t believe there are any limitations for withdrawal as long as it’s benefitting the recipient.

[earlyretirement]

Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.

We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.

I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.

Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…

[earlyretirement]

Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.

We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.

I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.

Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…

[earlyretirement]

Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.

We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.

I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.

Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…

[earlyretirement]

Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.

We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.

I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.

Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…

[earlyretirement]

Thanks so much SD Realtor. Yeah, we are relocating to that area so we will head out there and see several homes. I agree with you that prices will most likely tread lower in the next 1-2 years. However, we are buying a home for the long haul. We will most likely stay in the house the next 15-20 years until our young kids are out of the house.

We don’t want to move around from rental to rental so want to buy. I’ve been waiting on the sidelines for the past 7 years.

I do agree with you that interest rates are heading up, mortgages will be tougher to come by (especially Jumbo mortgages) and I think unemployment will stay high for the next few years.

Still, we’ll definitely be buying towards the end of the year. Thanks for your comments…we’ll make sure to check out the area…

[earlyretirement]

Good call. Yeah, there are several houses for sale there forever… I’ve seen some houses on the market there that have reduced their prices and still sitting on the market 250 days later….

[earlyretirement]

Good call. Yeah, there are several houses for sale there forever… I’ve seen some houses on the market there that have reduced their prices and still sitting on the market 250 days later….

[earlyretirement]

Good call. Yeah, there are several houses for sale there forever… I’ve seen some houses on the market there that have reduced their prices and still sitting on the market 250 days later….

[earlyretirement]

Good call. Yeah, there are several houses for sale there forever… I’ve seen some houses on the market there that have reduced their prices and still sitting on the market 250 days later….

[earlyretirement]

Good call. Yeah, there are several houses for sale there forever… I’ve seen some houses on the market there that have reduced their prices and still sitting on the market 250 days later….

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