Please choose the correct ending to complete the given sentence: Finance and Business: [header] How to buy mutual funds for children [title] Decide the reason you are investing the money. [step] For many parents, they are saving for college, but for others, it may be for travel, medical expenses or living expenses. [title] Calculate the amount of time you plan to invest the money before your child needs it.

Ending1: [title] Check the retirement funds section of this article. [step] Most states require parents to have up to one year of saved money before you allow them to withdraw money from their 401 (k). Ending2: [step] For example, your child may need $4 , 000 before she qualifies for an ira, while a 12-year-old might need $10 , 000. [title] Decide whether you plan to set aside time to spend the funds. Ending3: [step] If your child is very young and will not need the money for 20 years, you will want to choose different investments than if the child needs it in 5 years. [substeps] You may be able to choose a target-date mutual fund. Ending4: [step] Generally, you will get a firm estimate for one month to three months, depending on your financial strategy. [title] Decide which funds to invest the money in.

Answer format: ending1/ending2/ending3/ending4