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- Adam
So many variables Maybe use this as their emergency nest egg in a hysa.
They get a little head start but now must build other disciplines.
ScottAre they planning on getting a post high school education? If they are is it paid for?
ChristineIf they are working, put it in a Vanguard ROTH IRA and use JL Collins’s method from his book a simple path to wealth
The ones that are not yet working can put theirs in a brokerage and do the same then transfer it to the RoTH once they start working
TomDon’t know what their plans are, but a HYSA might be a place to park the funds.
It could be a practical learning experience maintaining an emergency fund.
KristaI’d have them open a brokerage account and invest it in a etf that tracks the S&P 500
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