The magic of setting up a Roth for children

Q: My wife and I have two daughters, 12 and 17, and we have a very good income, have pensions, a 401(k), a couple of large annuities and also college funds for our girls. We would like to start a fund for our girls that they could use in the future for a down payment on a house or for any other purpose. What would be an appropriate long-term investment for them?

Gail MarksJarvis

July 13, 2012