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Stock impact report

5 best investment accounts for kids of June 2024 [CNBC]

Arthur J. Gallagher & Co. (AJG) 
Last arthur j. gallagher & co. earnings: 4/30 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.ajg.com/investor-overview
Company Research Source: CNBC
It's never too early to start investing for your kids and teaching them the concept of setting aside money for a goal. The more time you have in the market, the more your money can grow Below, CNBC Select breaks down the best investment accounts for kids, not including savings vehicles like certificates of deposit (CDs) or high-yield savings accounts . When it comes to choosing the right investment account, deciding first on what your goal is for your kid — investing for a college education or investing for their retirement years — can steer you in the right direction. (See our methodology for more information on how we made this list.) Compare investing products 1. Teen-owned brokerage account Who's this for? Brokerages have investment accounts exclusively for minors, which are ideal for parents who want their older kids to learn more actively about investing. Just note that a brokerage account in a minor's name is considered a student asset when it comes to eligibility for Show less Read more
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