Planning an inheritance your new-born baby

Back in the days, it was popular for people in my parent's generation to buy wholelife and endowment plans for their newborn. Today, we have roboadvisors and easy access to stock brokers.

I am planning to seperate insurance from investment and would like to give my baby a headstart by getting this:

Hospitalisation rider for A class ward
Monthly DCA into robo
Not planning to get term as there are no income to replace

Any thoughts? Please share!

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Robin

25 Feb 2022

Administrator at SG

You can create a low cost portfolio with ETFs/fund and commit to it every month for at least 20years. That can be their education fund or wedding gift.

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1M45

Edited 20 Feb 2022

Just build a dividend portfolio for yourself? You must 1st able to take care of your own retirement and dont be a burden to your kid.

Why diviend portfolio. Your kid do not need to do anything just collect money. Not everybody financial savvy.

Your kid can continue to build on the dividend portfolio. Then pass down to his kid. Becoz no need to sell anything. snowball just keep rolling.

Write a will, when u are gone pass the portfolio to your kid?

Just pay for all your kid education so he graduate debt free, he would already have a head start

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