She put her children's shares in traditional savings accounts, and she wishes she had invested it.
As I've navigated the process of inheriting money, I've concluded this is spot on, but it comes down to how each of those classes teaches (or fails to teach) their children financial competence.
I directed the funds to separate savings accounts for my children at the local bank I had used for years.
Even if I didn't traditionally invest, online savings accounts now offer up to 5% interest.
AdvertisementWhen I inquired about withdrawing funds to invest or even closing the savings accounts in favor of something more financially smart, I was rejected.
Persons:
Sarah Adams, —, I've, Adams, Bobbi, inheritances, wasn't
Organizations:
Service, Toyota
Locations:
England, New York