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Alright, here's mine:
Currently I make $72,000/year. My employer offers a 401(k) plan that I have now enrolled in. We get paid bi-monthly, and each check I take out $220 for my 401(k) (so $440/month). They match 100% for the first 3% of your salary, and 50% for the next 2%. I believe I'll be putting away roughly $8000/year into my 401(k). I have a son who is 10 and a baby on the way. I'd like to set up educational trusts for both of them.
However, after taxes, child support and 401(k), and bills, I don't really have much additional money right now. What would be the best way to start a trust for both kids? What are some options for additional investments that net a decent amount?
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