Originally Posted by
block30
Thanks everyone for then input, I really do appreciate it! I try to get signed up soon...first baby is on the way really soon, so things will be a little hectic. And global, as far as what you are saying, I totally agree. The trouble is my wife's dad got burned in some investment years ago, and ever since he told his kids to stay away. So my wife's plan was to just put money into your savings account and CDs.
Yikes! Well those savings accounts and CDs are NCUA or FDIC insured. The government bond fund is insured by that same entity.....the US government. At the very least you'd probably want to put money in a government bond fund rather than a savings account or CD.
And with a little one on the way, once he/she gets a social security number, you'd want to consider opening a 529 plan for his/her future college expenses. Good luck.