Compounding is the process where your child's investment has the potential to over time as returns are reinvested, allowing those returns to potentially generate additional returns. The more you contribute, the more you have invested and the greater potential for growth over time. Keep in mind that investing involves risk, and investment returns are not guaranteed.
You can contribute in two ways:
One-time contributions: Make a single payment whenever you choose
Recurring contributions: Set up automatic payments on a schedule that works for you
The minimum contribution for either type is $20.00. A minimum contribution of $20 per child is required within the first 6 months to keep the account open.
Learn more about contribution options here.
Investments involve risk of loss. Fabric by Gerber Life and its affiliates do not provide tax and accounting advice. This material has been prepared for informational purposes only, and is not intended to provide tax and accounting advice. You should consult your own tax and accounting advisors before engaging in any transaction.