How To Open A Vanguard Investment Account For A Minor

If you’re an American parent wanting to give your kids a HUGE advantage in life, watch this screencast below.

One of my students, 17 year old Matthew Landau, shows how he started a diversified indexed portfolio.  Once such an account is open, encourage the child to add his or her own money. That’s important.

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Andrew Hallam

I’m a financial columnist for Canada’s national paper, The Globe and Mail, as well as for AssetBuilder, a financial service firm based in Texas. I’m also the author of Millionaire Teacher: The Nine Rules of Wealth You Should Have Learned in School (2nd Ed. Wiley 2017) and The Global Expatriate’s Guide To Investing: From Millionaire Teacher to Millionaire Expat (Wiley 2015). My mission is to educate, motivate and inspire people on basic retirement planning and best practices for investing, using evidence-based strategies. I'm happy to comment on your questions. However, please read the Terms of Use, Privacy Policy and the Comments Policy.

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2 Responses

  1. essential reading for visitors to andrew hallam website

  2. Brandon Bailey says:

    The video says someone under 18 has to open an account with a custodian. However, this is only the case if the kid didn’t earn the money. If the kid earned the money, they can have their own IRA, as the book You Call the Shots by Cameron Johnson says. He had an IRA all in his name at 13.

  3. Kat says:

    I am a 51 year old female who was a single parent from the birth of my child who is now 26 years old.

    For medical reasons I had to close out my 401 K some years back, went through several employment lay offs.

    I’m currently working to survive. I have deferred student loans and I returned back to school for a career change pursuing to a Registered Nurse which will take some time to complete.

    What is your suggestion as to future savings?

    Kat Lipira

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