Best Investment Account for Baby: Start Growing Their Nest Egg

It's never too early to start investing for your kids and teaching them the concept of setting aside money for a goal. As parents, we all want to provide the best future for our children, and one way to do that is by starting to invest for them early on. Here are some great resources to help you and your kids learn about investing together.

You can open and fund a custodial brokerage account, Roth IRA, ABLE account, special needs trust, or 529 and help your kids select investments. There are different types of investment accounts designed to help your baby start growing her nest egg, if you have some funds ready to go.

Discover how this CPA set up investment accounts for his toddlers, and learn how you can start investing for your child's future, too. A custodial account allows a minor to own assets in a brokerage account while at least one parent or guardian manages and controls the account.

The good news is yes, you can open a brokerage account for your bundle of joy (or precocious toddler, or sullen preteen). Investing for beginners doesn't have to be a mystery. We've got a step-by-step plan to help you get started on your investing journey today!

Key points. There are many types of investment accounts you can open for kids. Alternatives such as savings accounts, savings bonds, or CDs could also be considered.