If your child already has a savings account, you might be interested in exploring additional opportunities to help them build wealth over time. A custodial Roth IRA, managed by an adult, can be ...
Politicians wanted to give kids a $1,000 kick-start on investing. The way Congress did it is complicated.
Beginning July 4, any parent can set up an account for their child and contribute up to $5,000 a year. Employers can also pitch in $2,500 annually without affecting workers’ taxable income. Additional ...
Shannon Liu Shair and her husband started saving for college for their children when they were born. She puts money into 529 plans and custodial Roth IRAs for both of them. The 529 plans have around ...
Many people think of Roth IRAs as a retirement-savings vehicle for adults. But children who earn income can also save for retirement using this tax-advantaged savings vehicle. This year's Roth IRA ...
Your child may not have access to employer-sponsored benefits like a 401(k) plan or an employee stock purchase plan (ESPP) yet, but that doesn't mean they can't start planning for their future. If ...