Hi all, new to reddit. I am trying to give my kids more than I had growing up. What type of investment accounts can I open on behalf of a minor (outside of 529s and savings accounts)? I'm currently getting 1% in a savings account but I am considering CDs, i just don't know if i can legally do this in the name of a minor. Thanks in advance.
FYI - I want the investments in my kid's name so I don't have to pay taxes on the interest for their investments. Also, the accounts will start at about $1,000 each.
Also, this is for the US.
Submitted January 12, 2017 at 01:33PM by still_learnin http://ift.tt/2jojLjV
