Trivial for a lot of people, sure, but imagine the difference between not knowing what an investment account is and knowing that you've got $250 in one that you can contribute more to.

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codeddesign 2 hours ago | parent [-]

So..a 401k At least the 401k is pre-tax. This on the other hand is taxed on both ends. Maybe I am missing something, but I really don’t see the upside.

	▲	dmoy an hour ago \| parent \| next [-]
		It's more like a 529, but can also be used for first home purchase as a qualified withdrawal. It's also tax-free growth (not that the average <18 y/o would incur any tax on $250-$1250 of principle)
	▲	piker 2 hours ago \| parent \| prev \| next [-]
		Yes. You know, like the kind of 401k a seven year old has.
	▲	an hour ago \| parent \| prev [-]
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