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
How to Help Your Kids Trick or Treat Safely
10 Ways to Save Money for College Tuition
What are the Top Saving for College Options?
529 Plan Contribution Limits: How Much for 2020?
Back to School Goal: Start a UNest Account
How to Stay Sane During Market Volatility
5 Benefits of an Investment Account For Your Kids
Starting a College Fund for Babies
Why Dollar-Cost Averaging is Key During Uncertain Times
Garrett's Story: Saving for College as a Single Dad
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
