| Article: |
No 18-year-old needs $1 million
DEAR BRUCE: It may seem trivial to be asking this question, as there are so many people out there having such a hard time, but I do have a concern about my granddaughter. When she turns 18, her trust will expire, at which time she will be able to withdraw in excess of $1 million that was left to her by her deceased father. Obviously, my daughter doesn’t want her to have immediate access to this money and blow it; she would like to know how to invest it for her. Any suggestions? — Reader, via email
|