An UTMA account makes it easier to save up for your child’s future and is a great resource. Follow 24/7 Wall St. on Google By Marc Guberti Published Jan 4, 10:13AM EST This post may contain links from ...

Planning for a child’s education requires careful consideration of several factors, including asset ownership, tax implications (including FICA taxes) and financial aid eligibility. Two popular ...

Many parents and grandparents want to set money aside for a child’s future but aren’t sure of the best way to do it. One option that often flies under the radar is using a UTMA (Uniform Transfers to ...

Custodial accounts like UGMA and UTMA accounts are designed to allow adults to save and invest on behalf of a minor child. Like most financial products, there are pros and cons to using custodial ...

A few months ago the federal government took two actions that parents of college-bound kids need to know about. One could be a boon to financial-aid applicants. The other closes the “ladder tax” ...

Custodial accounts are a common way for parents and grandparents to save or invest on behalf of a minor, but they often raise ...

As a parent, it’s natural to want to give your child every advantage you can. One way to give them a financial leg up is by opening a custodial account on their behalf. Custodial accounts are ...

Investing in a child’s future is a proactive step that can yield significant benefits over time. Setting up investment accounts for kids before they reach adulthood is crucial for maximizing their ...

Most parents and grandparents I talk to have a desire to provide for the next generation. Many immediately ask about a 529 plan, but there are several other common account types that can be used to ...

Until recently, astute high-net-worth parents wishing to fund their children's future education expenses could save a bundle in taxes by transferring money or investments to accounts established under ...

***Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does ...