Why do you keep a cash account in your toddler's name? If you are saving for college, etc, that should be in something that grows over time, like stocks, not cash.
Money needs to be periodically invested and I don't want to make a stupid tax blunder.
Also, it's nice that me and you both know to invest. When I grew up my parents did not invest. You bet the less affluent are losing 5.4% of their money.
That’s true, and I’ll bet a lot of people know they should be investing, but don’t have the savings to do it. Employers should at minimum raise wages to keep up with inflation automatically but sadly I’m sure most just don’t care enough.
