It’s not really about how well you parent, humans just mature at a certain rate and at 18 we’re not there yet in my experience. And it’s not just about them wasting the money, there are worse outcomes than that which happen in the best of families.My concern is that if it's in our names that he may have tax implications at time of withdrawal.
You are right, at 18 / 19 he may not make the wisest choices but that's my job as a parent to teach him and stand back when it's time for him to spread his wings and hope that he has the information to make the right choices.
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