If the grandchild has any earned income (like a summer job), you can open this. It offers tax-free growth for life—a massive advantage for a young person.
You will need the grandchild’s Social Security Number and birthdate to open any custodial account. how to buy stock for grandchildren
Buying stocks for your grandchildren is one of the most impactful gifts you can give. Because they have decades of time on their side, even small amounts can grow into a significant nest egg. 🏦 Choose the Right Account If the grandchild has any earned income (like