: This is a unique option for teens aged 13–17.
Investing for teens: How to start building wealth early | Saxo
Assets are legally yours (irrevocable gifts) but controlled by the adult until you reach the age of majority (18 or 21, varies by state). buying stocks under 18
Contributions grow tax-free, making it powerful for long-term wealth building.
Unlike a standard custodial account, you can own the account and make your own investment decisions. : This is a unique option for teens aged 13–17
: If you have earned income (from a part-time job or even chores), an adult can open this for you.
(Uniform Transfers to Minors Act) accounts can also hold physical property like real estate or fine art. Unlike a standard custodial account, you can own
: These are the most common way for minors to invest. An adult (custodian) opens and manages the account for you.