Bloomberg Tax
July 29, 2021, 8:46 AM

Tax Advice for Parents Since Teens Like to Play the Market, Too

Kelly Phillips Erb
Kelly Phillips Erb

I didn’t have a lot of exposure to financial education as a child. That’s consistent with a wealth management poll that found that 37% of those in my generation had no one to teach them about investing; the number ticks up to 38% for Baby Boomers.

That’s why I opened a minor’s account for each of my three children and encouraged them to invest through the platform. I wanted them to start learning about money—and yes, taxes—while they were young enough to make mistakes and ask questions.

My youngest has enjoyed a terrific return, prompting ...

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