All Topics / Legal & Accounting / Austock Childbuilder Bonds

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  • Profile photo of pale alepale ale
    Member
    @pale-ale
    Join Date: 2011
    Post Count: 6
    April 15, 2012 - 8:49 am

    Hello knowledgable people.
    Does anyone have an opinion on the Austock Bonds.  We have a 7 month old girl and would like a tax effective way to provide for her education or deposit for her own home when she grows up.
    I was thinking a lumps um of $10k and maybe $250/month additional contributions.

    Is this a smart way to invest some excess cash?  Are there better options?

    Thanks

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,856
    April 15, 2012 - 12:05 pm

    Great discipline – locks the money away for 10 years minimum but you don't pay tax on the earnings. Not sure about what the resale/cash-in value is if you decide to exit early (need to investigate). You can add a % of the initial investment every year to your account so your end balance will be quite healthy. There are many of this type of investment on the market (search insurance bonds).

Viewing 2 posts - 1 through 2 (of 2 total)

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