How should I invest a large sum of my savings towards my kid's future expenses?

I have $100,000 sitting in the bank at 1.5%. I would like to invest the money so it starts earning for me. I have a pension and 457 for retirement. The money would be for my children to help with a house/wedding within a 10 year time frame. What investment would be good for this objective? I'm willing to sacrifice risk for higher returns.

Investing, Lifestage Based Planning
Answers
Sort By:
Most Helpful
June 2017

I agree with Adam.  

In order to make the best choice--do right by yourself and your child--you should seek the expertise of a financial advisor or planner.  Although the equity markets are on fire right now, you want to create a plan to navigate what may happen in the next 12, 36, 60 or in your case 10 years!  

It would be wise to seek counsel from an expert in this case because of what is at stake...your wishes and your child's welfare.  Better to solidify your legacy gift with sound, prudent advice than to save a "buck" and get it wrong.

I hope that helps!

June 2017
June 2017
June 2017
June 2017