How to invest for kids who don't have an income?

[Dan Thomas]

I have a 2 year old and 4 year old and each have a pretty decent little savings account going. What options do I have to invest their money for them? I'm not a huge fan of what I understand about a 529 plan as I don't want to pigeon hole them into going to college. I want to hand them a check when they are 18 to start their life and if that is college great, but if they want to open a bakery or buy a rental property or do whatever their hearts desire I want this money to be there for them. I know I Bonds are doing good right now, is that the best bet for them?

[Chris Seveney]

@Dan Thomas

You can also buy them stocks or invest in some real estate regulation a+ offerings - which typically have very low min investment amount (few hundred bucks).