Hi Jeremy, I want to start saving and investing money for my young children’s future, whether that be school, own business venture or a down payment on their first house. I would ideally have access to this money 15-20 years from now, when I am in my mid 40s - 50s.
Do you recommend using a 529 fund then paying tax on the withdrawals if non education related? Or is it better to lump it in with my own Roth IRA and pay tax on withdrawals prior to 59 1/2 years? These are the two options I am considering, but is there a third option that allows the money to grow tax free and then be accessed prior to retirement?
Appreciate you help on this!