Kids investing

[chpmnk1015]

So my kids are now working and making a little money.. we require them to save 50% of what they make.  They currently have a couple of CDs, Ibonds and then just a savings account.  I want to potentially have them start learning to invest (Me too) and wondering what anyone uses for their kids (they are almost 14/15).  I use TD Ameritrade but not sure thats great for them.  Any recs?  I searched back a bit but didnt see anything within the last year so thought id ask again.

[dr.girlfriend]

We haven't yet but will probably do this:

www.fidelity.com/go/youth-account/overview?imm_pid=700000002093957&immid=100885_SEA&imm_eid=ep63786945449&utm_source=GOOGLE&utm_medium=paid_search&utm_account_id=700000002093957&utm_campaign=YAC&utm_content=58700007084936215&utm_term=Fidelity+teen+account&utm_campaign_id=100885&utm_id=71700000083495807&gad=1&gclid=CjwKCAjw4ZWkBhA4EiwAVJXwqWtDwbabXQSCbM2-2XXZQPjc3ktEA0ALRrnVTAFijZYRuhtCQPQq3xoC3r8QAvD_BwE&gclsrc=aw.ds

If it's earned income, though, can you do a Roth for them?

[chpmnk1015]

Jun 11, 2023 21:31:15 GMT -5 dr.girlfriend said:

We haven't yet but will probably do this:

www.fidelity.com/go/youth-account/overview?imm_pid=700000002093957&immid=100885_SEA&imm_eid=ep63786945449&utm_source=GOOGLE&utm_medium=paid_search&utm_account_id=700000002093957&utm_campaign=YAC&utm_content=58700007084936215&utm_term=Fidelity+teen+account&utm_campaign_id=100885&utm_id=71700000083495807&gad=1&gclid=CjwKCAjw4ZWkBhA4EiwAVJXwqWtDwbabXQSCbM2-2XXZQPjc3ktEA0ALRrnVTAFijZYRuhtCQPQq3xoC3r8QAvD_BwE&gclsrc=aw.ds

If it's earned income, though, can you do a Roth for them?

So I don't know how that works because there are no papers for it... it's reffing.. but they don't need working papers or anything...

Right now I'm leaning towards what you posted I think so they can get involved too

[tvlmm]

You can do a Fidelity Youth Account, which is brokerage (Fidelity will even gift them $50 to open it) and a ROTH IRA. You don't need proof they have a job, they just need to have one.

[chpmnk1015]

Thanks everyone. Just signed then up for the Fidelity youth account..let's see how this goes lol