CUSTODIAL ROTH IRA
ROTH IRA
HIGH YIELD SAVINGS ACCOUNT
BROKERAGE
PRACTICE SIMULATION ACCOUNT
HIGH YIELD SAVINGS ACCOUNT
Long-term, tax-free growth for teens with earned income.
A Roth IRA is a retirement account for anyone with earned income. You invest after-tax money, and it grows tax-free until retirement — ideal for teens who won’t need that money soon. If you are fully employed and have access to an employer sponsored account, click below to see "Which Retirement Account is Right For Me?"
Which Retirement Account is Right For Me?
Adult-managed Roth for minors with income.
A custodial Roth IRA is opened by an adult but owned by you. The adult manages it until you’re 18 or 21, then it transfers fully to you. A Roth IRA is a retirement account for anyone with earned income. You invest after-tax money, and it grows tax-free until retirement — ideal for teens who won’t need that money soon.
Flexible investing — accessible anytime.
A taxable brokerage account lets you invest freely and withdraw anytime, though earnings are taxed. It’s good for short-term goals or general investing.
Great for short-term goals and building habits.”
A savings account helps you grow your money safely and build financial discipline while preparing for investing later. For a larger savings account, consider opening a 'High Yield Savings Account' which typically has higher earned interest compared to standard accounts.
Great for short-term goals and building habits
A savings account helps you grow your money safely and build financial discipline while preparing for investing later.For a larger savings account, consider opening a 'High Yield Savings Account' which typically has higher earned interest compared to standard accounts.
Practice investing without risk
A simulated or educational investing platform helps you practice buying and selling funds safely before using real money.
- Investopedia Stock Simulator: Practice investing with virtual cash in real stocks and ETFs. Great for tracking gains and losses over time.
- HowTheMarketWorks: Student-friendly platform to create portfolios, buy ETFs, and see simulated market performance. No risk, free account.
- Fidelity Youth Account Simulator: Designed for teens, lets you simulate buying index funds, stocks, and ETFs. Practice placing orders and tracking performance.
- MarketWatch Virtual Stock Exchange: Compete with classmates or friends using virtual portfolios; see how different investment strategies perform.
- StockTrak: Professional-style simulator for stocks, ETFs, and mutual funds. Can be used for longer-term practice and portfolio analysis.
Adult-managed Roth for minors with income.
A custodial Roth IRA is opened by an adult but owned by you. The adult manages it until you’re 18 or 21, then it transfers fully to you.
Which investment account should I open?
Anneke Johnson
Created on November 1, 2025
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Transcript
CUSTODIAL ROTH IRA
ROTH IRA
HIGH YIELD SAVINGS ACCOUNT
BROKERAGE
PRACTICE SIMULATION ACCOUNT
HIGH YIELD SAVINGS ACCOUNT
Long-term, tax-free growth for teens with earned income.
A Roth IRA is a retirement account for anyone with earned income. You invest after-tax money, and it grows tax-free until retirement — ideal for teens who won’t need that money soon. If you are fully employed and have access to an employer sponsored account, click below to see "Which Retirement Account is Right For Me?"
Which Retirement Account is Right For Me?
Adult-managed Roth for minors with income.
A custodial Roth IRA is opened by an adult but owned by you. The adult manages it until you’re 18 or 21, then it transfers fully to you. A Roth IRA is a retirement account for anyone with earned income. You invest after-tax money, and it grows tax-free until retirement — ideal for teens who won’t need that money soon.
Flexible investing — accessible anytime.
A taxable brokerage account lets you invest freely and withdraw anytime, though earnings are taxed. It’s good for short-term goals or general investing.
Great for short-term goals and building habits.”
A savings account helps you grow your money safely and build financial discipline while preparing for investing later. For a larger savings account, consider opening a 'High Yield Savings Account' which typically has higher earned interest compared to standard accounts.
Great for short-term goals and building habits
A savings account helps you grow your money safely and build financial discipline while preparing for investing later.For a larger savings account, consider opening a 'High Yield Savings Account' which typically has higher earned interest compared to standard accounts.
Practice investing without risk
A simulated or educational investing platform helps you practice buying and selling funds safely before using real money.
Adult-managed Roth for minors with income.
A custodial Roth IRA is opened by an adult but owned by you. The adult manages it until you’re 18 or 21, then it transfers fully to you.