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What is a kids' investment account?

Someone — usually a parent or guardian — sets up, funds and invests this type of trust, which the beneficiary will inherit. Of these eight investment account options, a kids' investment account is most commonly thought of as a custodial account. Read further for details on how to open one for the kid in your life. 1. Decide on an account type

How can I help my kids choose investments?

You can open and fund a custodial brokerage account, Roth IRA, ABLE account, special needs trust or 529 and help your kids select investments. It's never too early to start.

How do I Manage my child's investments?

If you’d like to have more control over your child’s investments, another option is to open a brokerage account in your own name—or use your existing brokerage account. Work out an investment budget with your child to decide how much to save every month, and pick which investments to make together.

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