My kids (ages 14 & 17) already have a very well funded 529 for college. They each have thousands sitting in savings accounts earning very little interest. Both kids are excellent savers and financially responsible, they are pushing me to move their funds out of savings and into investments.
Should I open up UTMA brokerage accounts for each of them and invest in index funds?
Should I open 2 separate brokerage accounts with my name on them, invest in index funds and then when they are at the age of being able to have Roth IRA’s, transfer funds to their Roths?
I would really like to get them investing early.