Investing for a 8-Year-Old
At age 8, a 529 started at birth has a 10-year education horizon. Age-based portfolios may begin reducing equity exposure in the next 2-3 years. UGMA/UTMA wealth-transfer accounts continue compounding with a 57-year runway. Some children at age 8 begin earning small amounts from chores or creative work, but IRS earned-income rules for IRA contributions require genuine arm's-length compensation.