New custodial IRAs seeded with $1,000 aim to jumpstart children’s savings—but the rules are complex and not all parents will ...

President Donald Trump signed his new tax law on July 4, which included a provision that creates and funds investment accounts for babies born in the next few years. The accounts will be allowed to co ...

Under the final iteration, the so-called Trump accounts are custodial individual retirement accounts for kids, with special ...

Your children are too young to legally own real estate in their own names, so some kind of guardian or trustee would need to ...

The Trump Accounts Contribution Pilot Program starts eligible kids off with a one-time $1,000 credit. The money comes from ...

New Trump Accounts In addition to these changes to 529s, the bill simultaneously established Trump Child Accounts. These are a new type of tax-deferred savings plan to which parents and grandparents ...

The budget bill signed into law on Friday includes a provision for investment accounts for newborns. Citizens born between ...

As a new mom, planning for my daughter’s future is top of mind. Before opening a savings or brokerage account, I asked ...

Responding to a recent call from a financial advisor in Colorado, the ERISA consultants at the Retirement Learning Center (RLC) address a question on whether children can have Roth IRAs and who can ...

Establishing a Roth IRA for your child presents itself as an intricate and atypical financial move, yet it stands as a premier method to initiate their wealth accumulation through compound ...

When our kids started work as teenagers, we made a deal with them. If they contributed 25% of their income to Roth IRAs, we'd match them 3-to-1.