A child’s savings account almost always offers a tax advantage—and if you shop around, it could also earn a much higher APY than adult accounts.

Should federal lawmakers be allowed to play the stock market given that they can have access to inside information?

That means two things. First, you could legitimately move half the money into another account for your son, preferably with ...

A joint account helps build trust and keeps budgeting simple. But keeping some money in your own name is just as important.