Just received my childs Social Security card. What should I do now to get her set up financially?
September 20, 2011 1:09 PM Subscribe
I just received the Social Security card for my first child. Please advise me on what I should do now. I plan on talking to my financial advisor to set up a college fund and will start making deposits very soon. Should I set up a bank account, savings account, 401k, etc...?
posted by Paalen to Work & Money (22 answers total) 10 users marked this as a favorite
Is it too early to get her a credit card to start building up her credit score (I do not plan on using it!)? Any other advice, thoughts or suggestions?
I think I remember my advisor saying that Virginia had the best 529 plan but I'm not 100% sure on this. I just really want to be certain that when Caroline hits 17 or 18 she has the finances in place to attend college without Mom & Dad having to go into debt. I'm a finance major with an MBA so I understand some jargon. Thanks guys!!!