
Families of U-Nest: Darren, Lauren with William and Charlotte
1. How many kids do you have? How old are they?
We have a 3 year old boy and a 3 month old girl.
2. What is your favorite family activity?
My son is obsessed with trains! Both Knotts Berry Farm and Disneyland have trains that he loves to ride. He is constantly asking to go on the "Choo Choo trains." As a result, we spend a lot of time at the parks.
3. What was your plan to pay for your kids’ college before U-Nest?
I knew that I needed to open a 529 account for my son but life had gotten in the way every time I set out to do so. It became one of those longstanding items on my to-do list. To be honest, I had heard about all of the complexities and wasn't looking forward to the process.
4. How did U-Nest help you navigate complexities of college savings?
U-Nest made it simple. The process was as easy as advertised and the FAQ on the app/website was very helpful for my many, many questions. The complexities were the biggest barrier for me and what kept me from opening an account for the first 2 years of my son's life. The only thing I wish was easier was the gifting option. I'd like to be able to enable friends and family to contribute directly. I'm a big supporter of U-Nest and tell all of my friends and family about it.
5. Do you have any interesting story about your own path to college?
Pretty standard story here :)
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Don't just take our word for it
Hear what trusted money experts say about why UTMA and UGMA accounts can be a smart way to invest for a child’s future.
There are some tax advantages to using UGMA and UTMA accounts… Since they’re in your child’s name, the accounts will be taxed according to their tax bracket… There are no contribution limits on UGMA and UTMA accounts.
Dave Ramsey
Personal Finance Expert
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Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
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...you could consider opening an account where you can dive deeper with the kids by your side. The easiest way to do so is to open a custodial account, known as an UGMA ... or UTMA ... account.
Jill Schlesinger
Emmy winning Business Analyst
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Straightforward “starter” investing account for kids
JILL SCHLESINGER
Emmy winning Business Analyst
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You can give children money that can accumulate somewhat tax-free over time... I love them (UTMAs) because they were like, trusts that you didn't need lawyers to create.... I think it's one of the better tax breaks around though. I know hunting for tax breaks may not sound very exciting, but that's how you take care of your family.
Jim Cramer
CNBC Host
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Give children money that can accumulate over time
Jim Cramer
CNBC Host
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