The SIFMA Foundation has launched Family InvestQuest, a free platform that helps families build financial capability together.
It includes a simulation modeled on the new 530A accounts: $1,000 pre-invested in an index fund, annual contributions, and 18 years of simulated growth. A video series, a learning hub and a resource center link families to the Summer Stock Market Game and SMG InvestQuest.
Family IQ was created to help families start important financial conversations and give young people the confidence to understand investing over time.Melanie Mortimer, President, SIFMA Foundation
The Stock Market Game has guided almost 24 million students on their path to financial independence. Family InvestQuest brings the same approach home, for parents and caregivers who want to talk about money, saving and investing with their children.
Original release: resources.smgny.net/IQ/Family%20IQ%20PR%202.0.pdf ↗
