The Rise of Early Financial Education
A growing number of Gen Z parents are teaching money basics before their kids even start kindergarten. According to a Salon article, many parents are embracing early financial education as a tool for long-term stability. Instead of waiting until middle school or high school, some are introducing concepts like spending, saving, and even investing during the preschool years. This proactive mindset reflects a shift in how younger generations think about preparing their children for the future.
At UNest, we believe financial literacy should start early and grow with your child. One powerful way to support their future is by setting up a UTMA custodial account. These accounts allow you to invest on behalf of your child today - giving them a strong foundation for tomorrow.
Start early. Stay consistent. Your child’s future will thank you.
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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