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Can I start saving for an unborn child?

Yes! Saving for your child's future before they're born gives your money even more time to grow tax-free. Because every account beneficiary must have a valid Social Security number, you’ll need to open the account in your own name, and list yourself as the account holder and the beneficiary first. Then, when your baby is born and has a social security number, you can switch the beneficiary to your child. You can easily change beneficiaries in your online account portal or use our Change Beneficiary Form (PDF).

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Related FAQs
How do I adjust my investment portfolio?

There are two ways to change your account's investment choices: selling your portfolio and reinvesting in a new one, or redirecting contributions into a new portfolio type.

How often can I make changes to my investment allocations?

You can only sell off a portfolio to buy a new option twice per calendar year. However, you can start contributing to a new, additional portfolio, as many times as you'd like.

Can I re-balance the asset allocation in my Embark account?

No, you cannot rebalance the asset allocation in your individual portfolio(s), but you can tweak your overall investment options up to twice a year.

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