There are a few special rules around Roth IRAs for kids. You must open a custodial Roth IRA account if your child or grandchild is under 18. Not all brokerage firms offer these, but many of the big ones — such as Charles Schwab and Fidelity — do. Your child or grandchild must also ...
or future student, and planning for their education. So it doesn't really matter whether you're a new parent early in life or a grandparent hoping to contribute toward a grandchild's college education. Tuition prices are rapidly increasing, and if current trends continue as they are, today...
I even funded a 529 for a future grandchild, with my daughter currently named as both owner and beneficiary. She can change the beneficiary later. But such tactics may not make sense for you. There are lots of issues to consider, including current tax advantages, college financial aid, ...