Class is in session – What kids can learn from investing

Description

Abstract: Kids realize early in life that money has value and can get them things they want. But that doesn’t always mean a child will eventually understand the true value of money and how to grow their savings responsibly. Parents can help set their children on the right path toward financial security by teaching them about investing. This article explains how, depending on the age and sophistication of the child, a parent can teach simple saving or advance to topics related to investing, such as compound interest. But it also cautions to be aware of the tax impact if the child’s savings grow to certain levels.