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Did You Have a Baby on Jan. 1? Claim Your $150 Check and Start Investing for Your Child


Published on 2025-01-03 17:21:08 - Investopedia
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  • If you had a baby on Jan. 1, 2025, you might be eligible for a $150 check to get your child started with a high-yield savings account, CD, or brokerage account.

The article from Investopedia discusses a unique promotional offer by Prudential Financial, where parents who had a baby on January 1, 2024, can claim a $150 check from the company. This initiative is part of Prudential's broader strategy to encourage early financial planning and investment for children. The article explains how parents can apply for this benefit, highlighting the steps to verify the birth date and claim the check. It also delves into the potential uses of this money, suggesting that it could be invested in a 529 college savings plan or other investment vehicles to grow over time for the child's future. Additionally, the piece touches on the broader implications of starting financial education and investment early in life, emphasizing the power of compound interest and the importance of financial literacy from a young age.

Read the Full Investopedia Article at:
[ https://www.investopedia.com/did-you-have-a-baby-on-jan-1-claim-your-150-dollar-prudential-check-and-start-investing-for-your-child-8769140 ]