The Uniform Transfers to Minors Act (UTMA) and Uniform Gift to Minors Act (UGMA) are unique taxable custodial accounts that help you save for your kids. While you can save and control these accounts, ...

A UTMA or UGMA custodial account is a flexible investment account that helps minors save and invest. Many, or all, of the products featured on this page are from our advertising partners who ...

So you’d like to set aside some money for your children. Perhaps you want to build an early inheritance or, more likely, you’d like to get a jump on their college fund. In either case, you’ll want to ...

Setting aside as little as $5 a day from birth, reinvesting the earnings and allowing that initial sum to grow can make a huge difference when it comes time to pay for college. Even if your child ...

A UTMA (Uniform Transfers To Minors) account provides some tax advantages and is a good vehicle to build inter-generational wealth. This article shares our thoughts on our UTMA account and our current ...

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 ...

Forbes contributors publish independent expert analyses and insights. I write about the fintech, cryptocurrency and investing markets. Acorns, the mobile investing and savings app, is making it easier ...

Custodial account fees tend to be low, but can vary among brokerages and financial institutions Fact checked by Brendan Harkness A custodial account is a special savings or investment account that one ...

When it comes to building wealth and planning for the future, the type of account you choose matters just as much as the investments you make. Retirement accounts and investment accounts are two of ...

Parents have the opportunity to build funds for their child’s education through savings vehicles like a 529 plan or a custodial account. Both of these options allow adults to store away money that ...

I am an economist by training, with a focus on financial economics. After I completed my PhD, I have been professionally working as a quantitative modeler, with a focus on the mortgage market, ...