Explore the new Trump accounts designed for children's savings, comparing their benefits against IRAs and 529 plans to ...

Parents have the opportunity to build funds for their child’s education through savings vehicles like a 529 plan or a custodial account. Both of these options allow adults to store away money that ...

Contribution limits: Annual contributions for Trump accounts will be limited to $5,000, while 529 plans allow for much higher ...

As a new mom, planning for my daughter’s future is top of mind. Before opening a savings or brokerage account, I asked ChatGPT for advice. Here’s what it said—and missed.

Custodial accounts like UGMA and UTMA accounts are designed to allow adults to save and invest on behalf of a minor child. Like most financial products, there are pros and cons to using custodial ...

There’s an old proverb that says if you give a man a fish, you can feed him for a day. But if you teach a man to fish, you feed him for a lifetime. The same can be said for teaching your child to ...

As a parent, it’s natural to want to give your child every advantage you can. One way to give them a financial leg up is by opening a custodial account on their behalf. Custodial accounts are ...

If you’re looking for an investment vehicle that helps you save money for your child’s education, there are four options most widely used for that purpose: 529 Plans, Coverdell Education Savings ...

My children, ages 9 and 11, are currently working to save for college, or at least contribute to a portion of their future educational expenses. Before you question my parenting credentials, getting a ...

When you are painting the financial picture for your family, whether it is investing in real estate, brokerage accounts or even just an emergency fund, the money saved and earned isn’t just about you.

Rebecca Lake is a certified educator in personal finance (CEPF) and a banking expert. She's been writing about personal finance since 2014, and her work has appeared in numerous publications online.