How To Buy Stock As A Gift For A Child (The Guide For Parents And Family)

20 hours ago 5

Key Points

A contribution to a parent-owned 529 plan is the best gift of stock for most kids, since it grows tax-free for education and counts for no more than 5.64% on the FAFSA.
A UGMA or UTMA custodial account lets you give real shares of a favorite company, but the child takes full control of the account at 18 or 21 in most states.
Family members can now add up to $5,000 a year combined to a child’s Trump Account, which stays invested in U.S. stock index funds until the child turns 18.

Ask a parent what their kids...