How do I get my kids interested in investing?

Give your kids practical experience with their own account. In addition to saving for education, you can help your child open a custodial account and teach them about investment strategies early in life. A great way to get kids interested and involved in investing is to open an investment account. Here are a couple of appropriate account types:

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

What kind of investment account should I open for my child?

The kind of investment account you should open for your child ideally is representative of your intended goal. If it's to grow funds for your kid's education, a 529 plan or Coverdell ESA is your best route. If it's to grow a nest egg for your kid's golden years and they currently earn income, a custodial Roth IRA is the way to go.