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Per Merrill Lynch, a Bank of America company, 33% of Americans have nothing saved for retirement. It can be easy to fall into this camp due to high inflation, longer life spans, minimal personal finance education and the disappearance of pensions.
That and most Americans aren’t required to learn about personal finance in school. Just 11 states have laws requiring basic personal finance education. Despite this grim statistic, it’s easier now than it’s ever been to start investing and learning about how money works.
Thanks to the internet, the playing field has been leveled with the rise of discount brokers such as Fidelity and even robo advisors. These technologies help anyone start investing and learn about the process with free content ranging from blogs, to videos and even live webinar series.
Build A Retirement Nest Egg For You And Your Teen With A Fidelity Youth Account!
Teens as young as 13 can start investing with a Fidelity Youth Account. Unlike other companies, they can start investing with as little as $1 and buy standard investments like stocks, bonds, and mixed, low cost ETFs in fractional amounts.
They can save more money since there are no account fees, minimum balances, ATM fees or other surprise fees.
Open a Fidelity youth account today to receive $100 and $50 for your child.
The Fidelity Youth Account can only be opened by a parent/guardian. Account eligibility limited to teens aged 13-17.
¹Limited Time Offer. Terms Apply. Before opening a Fidelity Youth Account, you should carefully read the account agreement and ensure that you fully understand your responsibilities to monitor and supervise your teen’s activity in the account.
Image sourced from Shutterstock
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Image and article originally from www.benzinga.com. Read the original article here.