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East Central SD | We just started paying our 12 yr old daughter this year. I wouldn't be comfortable going any younger. We just pay her for 40 hours a month @ $15 . Let her keep $100 per month and the put the other $500 in a roth.
Until now we had a higher ed savings acct through a local bank that is paying over 4% right now that all monetary gifts from grandparents, etc have went into.
I decided against the 529. I'll be able to cover any additional expense if necessary but would be surprised if she even needs all of this with scholarships available.
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New Dad: Tax Savings and College Investing Ideas
