Schwab MoneyWise: Investment Accounts for Kids 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: A custodial account —If you want to give a gift of money to a minor—and at the same time introduce the world of investing—a custodial account can be a good choice. Should I open a taxable investment account? : personalfinance Depending on what you are investing for, either increasing 401k or opening a taxable investment account both make sense. However, target date funds are not always the most tax-efficient for a taxable account. You should also consider switching your allocation in your IRA. Investment accounts for kids - CBS News Apr 26, 2013 · Investment accounts for kids. But there are several account types that adults can open to use to accumulate savings and invest for children. the first $1,000 of investment income is tax
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