Episode description
In part 2 of investing for kids Glen answers a bunch of FAQs and shares some ways to teach your kids about money.
👉🏽 what if I invest for my child in an informal trust and use the dividends myself?
👉🏼 can I have a joint account for my two kids?
👉🏾 what investing platforms allow you to set up investing for kids?
👉🏿 how can you invest for someone else’s kids?
👉🏻 what happens with the investments if you pass away prematurely?
👉 can I claim investments as a tax deduction?
👉🏼 can I invest using multiple methods?
👉🏽 what happens if you change your mind and want to keep the money instead of giving it to the child?
👉🏿 what happens if my spouse and I set up a join investment account and then get divorced?
👉🏻 do you need to setup your will with details of the investing arrangements?
👉 tax on investment accounts
👉🏾 investing for kids vs putting extra towards a mortgage for them
👉🏼 how to mitigate tax on inheritance for kids
👉🏻 teaching your kids about money
Prefer reading? Check out the blog post on this episode here
Read: How to explain compound interest to your kids
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