A Redditor turned to the Personal Finance subreddit for guidance on managing his stepson's $1,100 monthly survivor benefits after the child's biological father passed away. Aiming to grow the $132,000 total benefit over the next ten years, suggestions included directing the funds into 529 plans or custodial accounts like UTMA or UGMA for responsible management. Redditors encouraged investing in stable growth ETFs to take advantage of the market over time, allowing the couple to buy dips and accumulate shares while maintaining control until the child turns 18.
A Redditor sought advice for managing his stepson’s survivor benefits of $1,100 monthly, emphasizing the importance of growing this wealth through careful investment strategies.
#personal-finance #survivorship-benefits #investment-strategies #child-wealth-building #financial-advice
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