Your kid can get $1,000 from the Treasury for filling out one form. Take it. The harder question is what to do with your own money after that. The account lets families add up to $5,000 a year, and for a household at your stage, that $5,000 has better places to go first.
Editor Disclaimer: Returns in this article are illustrations, not forecasts. Stock investments can lose value. Tax figures are for the 2026 tax year and change annually.
