Reported about 15 hours ago
If you're saving money for your child to access at age 18, while a CD account is a good start, considering other investment options can significantly increase their financial future. A 529 plan is ideal for education savings with tax benefits, while a custodial brokerage account allows broader investment choices like stocks and ETFs without penalties for early withdrawals. A target-date fund can also be beneficial, and if your child earns income, contributing to a custodial Roth IRA could yield substantial tax-free growth by the time they retire. Diversifying your investment approach can provide an even greater financial head start for your child.
Source: YAHOO