NextInLine
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What is best "bang for the buck" things you can do for your offspring's, giving that you cannot afford to do it all. Assume that, you have taken care of your own retirement saving.
- Childhood year enhancement activities such as piano lesion (could be $2000/year), swimming practice ($3K/year), tutor ($3K/year).
- Funding college tuition (4 year-college could be $60-70K pre-paid).
- Less traditional, help fund Roth IRA at a very young age 10-12 when they be able to 'work' i.e. mowing lawn, baby sitting. (like $2K/ year for 10 years, until he/she to it from there. It should give them a good head start on saving).
What have you done and how did it turn out?
- Childhood year enhancement activities such as piano lesion (could be $2000/year), swimming practice ($3K/year), tutor ($3K/year).
- Funding college tuition (4 year-college could be $60-70K pre-paid).
- Less traditional, help fund Roth IRA at a very young age 10-12 when they be able to 'work' i.e. mowing lawn, baby sitting. (like $2K/ year for 10 years, until he/she to it from there. It should give them a good head start on saving).
What have you done and how did it turn out?