In partnership with Fabric.
September 4, 2024

The Financial Unlock I Wish I Knew Before My First Kid: Here's What Made All the Difference the Second Time Around

Start here
In partnership with Fabric.
September 4, 2024

The Financial Unlock I Wish I Knew Before My First Kid: Here's What Made All the Difference the Second Time Around

Start here

When I was pregnant with my first kiddo, I spent a lot of time researching a myriad of fun and exciting parenting products. And while finding the ultimate baby stroller and breast pump were important, I subconsciously avoided researching arguably the most important topic because, honestly, I was overwhelmed enough! It’s easy to put off thinking about your little one’s financial future when there are so many other pressing things to think about, but as my little one has started school – and the endless activities that go along with it – I’ve realized that financial planning is a top priority the second time around.

Thankfully Fabric by Gerber Life makes the topic incredibly approachable and simple, even for someone who doesn’t claim to know all that much about financial planning. While it took me years to get my first kiddo set up with a kid’s investment account, my second will have an account set up as soon as I have ten minutes to spare – and I mean that quite literally.

Investing Made Simple

Navigating financial options can be overwhelming to say the least. Luckily, investment accounts for kids are designed to help busy parents plan for a child's future expenses, and you don’t need to be a financial expert to set one up yourself. Fabric’s accounts offer everything from automatic monthly contributions (one less thing to remember!) to personalized portfolio recommendations based on your risk tolerance – and flexible options to adjust your contribution as your child grows. Plus, family and friends can easily contribute to the account through a unique gifting link.

Ultimate Flexibility

I love that Investment accounts for kids with Fabric allow withdrawals for any child-related expense without penalties (Other options like 529s are designed for education and have stricter rules about what counts as “qualified expenses”). With Fabric, you can fund things like art classes, sports equipment, or high school tuition. And, once your child reaches adulthood, the account is theirs! They can use the funds for major life events, like buying a home or starting a business, or whatever they please.

Quick and Easy Sign-Up

Setting up an investment account with Fabric is incredibly fast and straightforward. The entire process took me less than 10 minutes, with an easy-to-follow form that guided me through selecting my portfolio and the necessary information Fabric needs. Plus, once I signed up, Fabric offered guidance on how much to invest and how that would grow over time…

Transparent Pricing

Fabric’s accounts are designed to fit any budget, with a minimum contribution of just $20/month. Plus, the monthly fees – just $3/month for one account or $5/month for multiple accounts – cover all custodial fees, brokerage commissions, stock transfer fees, and other similar charges incurred in connection with transactions for the account.* And because it's flat, it will not increase no matter how much you put in your account. From what I’ve heard from friends, other options charge based on a percentage of assets under management instead.

A Trusted Brand

As a first-time mom, I was relieved to learn that Fabric has partnered with Fort Washington Investment Advisors, with over 30 years of experience and over $82 billion in assets under management.** And rest assured, funds are SIPC-insured up to $500,000 and Fabric uses bank-level security and encryption to protect your information. How’s that for peace of mind? 

Ready to invest in your little one’s future?
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