Saving & investing for a child
Give your child a head start with smart saving and investing strategies. From education expenses to long-term wealth building, we'll help you choose the right approach.
Start saving for your childChoose the right savings account
Different account types offer different benefits. Select the option that best fits your child's needs.
529 Education Savings Plans
Tax-advantaged savings specifically designed for education expenses.
- ✓Tax-free growth
- ✓Tax-free withdrawals for qualified expenses
- ✓High contribution limits
- ✓State tax benefits
Coverdell Education Savings Account
Another tax-advantaged option for education savings with more investment flexibility.
- ✓Tax-free growth
- ✓K-12 and college expenses
- ✓Investment flexibility
- ✓No age restrictions on beneficiary
UTMA/UGMA Accounts
Custodial accounts that allow you to save and invest for your child's future.
- ✓No contribution limits
- ✓Flexible use of funds
- ✓Child gains control at majority
- ✓Tax advantages for minors
Roth IRA for Kids
If your child has earned income, a Roth IRA can be a powerful long-term savings tool.
- ✓Tax-free growth
- ✓Decades of compound growth
- ✓Contribution flexibility
- ✓Early retirement option
Investment strategies for children
Age-based portfolios
Automatically adjust investment mix as your child gets closer to college age.
Target-date funds
Set-it-and-forget-it approach with professional management.
Index fund portfolios
Low-cost, diversified investment approach for long-term growth.
Conservative options
Lower-risk investments as education expenses approach.
Smart saving strategies
Start early
The power of compound growth means starting early can make a huge difference.
Automate contributions
Set up automatic monthly contributions to build savings consistently.
Consider tax benefits
Take advantage of state tax deductions and federal tax benefits.
Review and adjust
Regularly review your strategy as your child grows and goals change.
Education savings calculator
See how much you should save each month to reach your child's education funding goals.
Use calculatorReady to start saving for your child?
Get expert guidance on the best savings and investment strategies for your child's future.