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+396 Score 548 Replies 951,592 Views
Post #166162132 added 10-03-2023 4:46 PM by alchemista in Hot Deals
And one that lets them trade stocks with as little as $1?
+396 Score 548 Replies 951,592 Views
Post #167921023 added 12-09-2023 6:25 PM by pamelaroad in Hot Deals
Max out a Roth IRA first if you are able and not already doing so. The principal can be used for college and pulled out any time after 4 years. No penalty. No further taxes paid. Interest stays to...
+396 Score 548 Replies 951,592 Views
Post #160563028 added 12-23-2022 9:20 PM by IndigoNest3446 in Hot Deals
Wonderful! As a teenager who invests with great due diligence, I will now transfer over my 1/1000000th of a bitcoin and half a share of gamestonk that is now worth nothing from Robinhood.
+396 Score 548 Replies 951,592 Views
Post #167813770 added 12-05-2023 2:59 PM by TruthIsOK in Hot Deals
why am i seeing this every single day
+396 Score 548 Replies 951,592 Views
Post #167855287 added 12-07-2023 7:35 AM by BruceInCola in Hot Deals
Big caveat being that you might lose all your account history/activity, if that’s important to you. For some reason I assumed I would be able to log into my TDA (now Schwab) account after I...
+396 Score 548 Replies 951,592 Views
Post #167890966 added 12-08-2023 12:11 PM by clebkny in Hot Deals
Didn't know sd became fkin live journal. Hashtag no one fkin cares.
+396 Score 548 Replies 951,592 Views
Post #167271577 added 11-21-2023 11:32 AM by Olibri in Hot Deals
This is exactly what happened to me with this account. It was a huge hassle to freeze the account. Now the account is frozen with the money just sitting there.
+396 Score 548 Replies 951,592 Views
Post #166809106 added 11-05-2023 7:13 PM by billyloon in Hot Deals
Agree. Most of the people in this thread don't understand this. Managed accounts are for those people.
+396 Score 548 Replies 951,592 Views
Post #168035917 added 12-13-2023 6:23 PM by mnisrshdyd in Hot Deals
If I want to make this a Christmas Gift, is there any way to do that without the child seeing in advance? If I wait until 12/25, offer could be ended, right? If I give a google voice phone # and use...
+396 Score 548 Replies 951,592 Views
Post #167829637 added 12-06-2023 8:32 AM by TooManyToys in Hot Deals
For what it is worth, my experience was such that they did NOT pay the $50 reward, after I opened a youth account for my 16 y.o. I even called Fidelity support, and they basically told me to F off...
+396 Score 548 Replies 951,592 Views
Post #167773456 added 12-04-2023 6:56 AM by candacebA2 in Hot Deals
We were able to set up the Fidelity Youth Acct. for my son with little hassle and he received the $50 bonus within a week. He has already spent it with his debit card! We were looking for an option...
+396 Score 548 Replies 951,592 Views
Post #163741325 added 05-28-2023 2:46 PM by bakerde24 in Hot Deals
Don't trap your money ....open high cash value whole life insurance for your kids. I stopped funding 529s 5 years ago.
+396 Score 548 Replies 951,592 Views
Post #164541287 added 07-09-2023 1:29 PM by immanewb in Hot Deals
1) IRS gift tax exclusion limit is $17k for 2023.. think you'll be okay. 2) this is what their FAQ says about that: Who is responsible for taxes or fees associated with the Youth Account, my...
+396 Score 548 Replies 951,592 Views
Post #168036187 added 12-13-2023 6:34 PM by acegolfer in Hot Deals
That's not your income so you don't include it in your 1040. Google "kiddie tax"
+396 Score 548 Replies 951,592 Views
Post #165438206 added 08-23-2023 7:23 PM by 1cheapazz in Hot Deals
Elite I just moved my kids money into certificates. Rates are pretty good right now through my credit union. Just a thought
+396 Score 548 Replies 951,592 Views
Post #165496865 added 08-27-2023 9:42 AM by asterix in Hot Deals
Took a few months but $50 showed up finally.
+396 Score 548 Replies 951,592 Views
Post #163271957 added 05-02-2023 5:25 PM by ngsathish in Hot Deals
Not working for 12 year old.
+396 Score 548 Replies 951,592 Views
Post #161528152 added 02-06-2023 9:51 AM by yangzi in Hot Deals
I didn't think about writing him a check. I wrote a check yesterday and realized last time I wrote a check was more than one year ago. I stick with electric money transfer through bank, though. ...
+396 Score 548 Replies 951,592 Views
Post #161618860 added 02-10-2023 5:24 AM by ANT34569 in Hot Deals
Yes, through a fidelity cash account. When I go to transfer money, the youth account is not one of the available options. Really not looking forward to calling.
+396 Score 548 Replies 951,592 Views
Post #156778954 added 08-04-2022 7:59 PM by bxchick1230 in Hot Deals
Can someone recommend an affordable financial advisor to handhold me a bit so I, a single mom, can help my 15yr old set something else up other than depositing money into her BoA Savings account.
+396 Score 548 Replies 951,592 Views
Post #161314717 added 01-28-2023 8:56 AM by redfox1 in Hot Deals
Fidelity's system is by far the worst I've seen. Never had so much trouble just setting up a bank account online. All sorts of glitches and limitations. It's been more than 2 weeks, the account is...
+396 Score 548 Replies 951,592 Views
Post #161315779 added 01-28-2023 9:55 AM by yangzi in Hot Deals
Oh, wow. That's a lot longer than I expected for youth account to be active. I thought, maybe in several business days. Did you get email when youth account became active or link in email "to...
+396 Score 548 Replies 951,592 Views
Post #161332894 added 01-29-2023 8:43 AM by bagczech in Hot Deals
For me the id verification only took 2-3 days but it was over a week from when I first set up the 2 accounts to when I could actually transfer money into the youth account to conduct a trade. But the...
+396 Score 548 Replies 951,592 Views
Post #158297332 added 10-16-2022 6:25 PM by jarmock in Hot Deals
I wish I had more than one downvote for you.
+396 Score 548 Replies 951,592 Views
Post #154963417 added 05-06-2022 12:37 PM by GoWhiteSox in Hot Deals
Does anyone know how to research index funds or ETFs or stocks by amount? I'm trying to teach my teen how to search given her low savings but can't find the option. TIA!
+396 Score 548 Replies 951,592 Views
Post #156648367 added 07-29-2022 3:15 PM by toastedwhitebread in Hot Deals
I think I'd do government i bonds. You get 9% return on them right now. And, I think I'd buy shares of Berkshire Hathaway for kids.. they do share buybacks instead of paying dividends and they...
+396 Score 548 Replies 951,592 Views
Post #153329539 added 02-04-2022 9:57 PM by LivelyHamster533 in Hot Deals
Try the Capital One Savings Account. It’s good.
+396 Score 548 Replies 951,592 Views
Post #153470038 added 02-12-2022 2:41 AM by Owl_Good_Man in Hot Deals
$50 is a drop in the ocean compared to the many benefits of having an app that: 1. Encourages kids to build a strong work ethic by doing chores without reminders, which is a big win for everyone. ✅...
+396 Score 548 Replies 951,592 Views
Post #153139417 added 01-26-2022 11:38 AM by zukuri in Hot Deals
"To open and monitor your teen's account, you'll need to open one for yourself first." I don't have an account with them.
+396 Score 548 Replies 951,592 Views
Post #153255787 added 02-01-2022 12:31 PM by steveliv in Hot Deals
In order to contribute to a roth, the child will need to have income and file taxes as well. When my son starts working, I plan to gift him any amount he puts in a roth. Investing at such an early...
+396 Score 548 Replies 951,592 Views
Post #153274513 added 02-02-2022 10:23 AM by eliteconcept in Hot Deals
I waffled for weeks before I decided to go with the Roth over the 529 for the kids...but exactly the flexibility it provides over the 529 was a big factor as well.
+396 Score 548 Replies 951,592 Views
Post #153715567 added 02-26-2022 8:11 PM by BuddyLove99 in Hot Deals
What’s the cost per trade?
+396 Score 548 Replies 951,592 Views
Post #153645628 added 02-22-2022 4:31 PM by hotcake in Hot Deals
No, you need to create/register one for your son.
+396 Score 548 Replies 951,592 Views
Post #156507685 added 07-25-2022 1:09 AM by ChityWok in Hot Deals
i bonds were 8.5% maybe 9.1% now it's the smart way to keep earning.. it's guaranteed. ask your financial planner about them. i think only 1 purchase per yr up to 10k per person. silly not...
+396 Score 548 Replies 951,592 Views
Post #158022463 added 10-06-2022 8:29 AM by PV9685 in Hot Deals
Not sure why this info is up there: *It's taxable with or without a 1099-INT, which is just an enforcement mechanism. If they have to file a tax return, it must be included to avoid felony tax...
+396 Score 548 Replies 951,592 Views
Post #156889465 added 08-10-2022 10:40 AM by ShrewdSink4619 in Hot Deals
https://imgur.com/gallery/BlK4jzM nope
+396 Score 548 Replies 951,592 Views
Post #166583851 added 10-25-2023 1:34 PM by sporkrecords in Hot Deals
So if I sign my kid up today, will the money be available for withdrawal by Saturday? Going to Atlantic City.. Want to teach him how to play roulette.
+396 Score 548 Replies 951,592 Views
Post #167998921 added 12-12-2023 3:16 PM by ikkoku in Hot Deals
here's my experience. created account on Wed 12/6. funded it from my fidelity account on thursday. got the $50 on Monday 12/11. pretty smooth so far. one minor quirk, maybe I'm just too used to it,...
+396 Score 548 Replies 951,592 Views
Post #161340253 added 01-29-2023 4:00 PM by Scaevola in Hot Deals
Why does this get fp everytime? Shill!
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