I opened EE accounts for my children recently.
I wanted to buy ETF's in the Tax Free account, but Now I am thinking, would it not be better to leave their tax free allocations to them for when they are adults, to take advantage of then, instead of me using a chunk now.
THis is thinking way ahead, and I am making certain assumptions, plus hopefully the tax free allocations will increase.
But it could help them save on taxes, plus it could motivate them to save and use the tax free benefit. Unless I use all or part of their allocations.
Shall I rather buy same ETF's in normal accounts?
Looking forward to your opinions.