Date: Sat, 18 Oct 2003 13:05:29 CST
From: "C.K."
Newsgroups: misc.invest.financial-plan
Subject: short term advice
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I am 30 years old, I am married with 2 small children. My mother passed
away recently with no insurance or any assests to speak of. I now have
custody of my little sister who is 14.
She will begin recieving social security benefits this month in the amount
of $640. I plan to distribute the money as follows: $200 to household,
$140 allowance for her use. and I wanted to invest the remaining $300 a
month for her future college needs.
The benefits will stop when she is 19 so I don't have a long time. She has
no savings now so anything is better than nothing. I just need some advice
on where to put this money for her.
Thanks,
Wil
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