LATEST POSTS
Teaching Kids the Difference Between Investing and Gambling
The Power of Dollar Cost Averaging: Why Consistency Wins in the Long Run
Millennial Parents Are Breaking Old Parenting Norms - and It's a Good Thing
When Should Parents Start Saving for College?
How Old Do You Have to Be to Buy Cryptocurrency?
What is ESG Reporting?
Crypto for Kids: Can Your Child Invest Now?
How the Stimulus Check Child Tax Credit Might Impact Your Tax Return
6 Tips: Financial Wellness as the Ultimate Form of Self-Care this Valentine's Day
Giving Tuesday is Coming Up: What Do You Plan to Give?
Best Holiday Gift Ideas for Kids in 2021
8 Reasons 2021 is the Year of Digital Gifts
5 Best Ways for Military Families to Build a Better Financial Future for Their Kids
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
Read
Tap to flip back
Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
Tap for more
...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
Read
Tap to flip back
Straightforward “starter” investing account for kids
JILL SCHLESINGER
Emmy winning Business Analyst
Tap for more
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
Watch
Tap to flip back
Give children money that can accumulate over time
Jim Cramer
CNBC Host
Tap for more
