In-depth reviews of brokerage platforms for custodial accounts
These two Fidelity products get confused constantly, and it’s an easy mix-up — both are aimed at minors, both are opened by a parent, and both have “Fidelity” and some version of “for kids” in the marketing. But they do genuinely different jobs, and a lot of parents end up with the wrong one for … Read more
Most of what’s written about Schwab and Roth IRAs on this site is aimed at parents opening a custodial account for a minor. This review is different — it’s for adults opening their own Roth IRA at Schwab, whether that’s a first-time investor, someone consolidating accounts, or a parent who just helped their kid open … Read more
Most of what’s written about Roth IRAs for kids is aimed at parents of young children being paid through a family business. Teenagers are a different — and honestly easier — case. A 15-, 16-, or 17-year-old with a W-2 from a lifeguarding job, a grocery store, or a summer camp has unambiguous earned income, … Read more
A dad walked into my office last spring with a crumpled printout of his 14-year-old daughter’s first paycheck — $312 from a summer job at a local bakery. He wanted to open a Schwab custodial Roth IRA for her that same week. That question — “Can we do this at Schwab?” — is one I … Read more
A father walked into my office a few years ago with a simple question: his fifteen-year-old daughter had earned $3,200 that summer lifeguarding, and he wanted to know where to put it. I told him immediately — a Fidelity custodial Roth IRA. He had never heard of one. By the end of that meeting, we … Read more
Financial Disclaimer: This content is for educational purposes only and does not constitute financial advice. Consult a qualified financial advisor before making investment decisions. My pick: Understand why index funds outperform and stay committed to long-term growth — The Little Book of Common Sense Investing by John C. Bogle on Amazon → Key Takeaways What … Read more
Comparing Custodial Roth IRA Providers for Kids in 2025 Roth IRA • 5 min read Establishing a custodial Roth IRA for your child can be an excellent strategy for jumpstarting their financial future. These specialized accounts enable minors with earned income to begin saving for retirement early, providing all the tax-free growth advantages of a … Read more