Key Points ・Custodial investment accounts (UMGA and UTMA) are taxable investing alternatives to 529 plans and Roth IRAs ...

Giving young children financial gifts is a great way to help them with the expenses they’ll face as they age. However, cash is easily spent right away. And even when it isn't spent, money tucked into ...

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 ...

Home Taxes Tax Planning How to Slash Kiddie Taxes on Your Child's UTMA Account Gifts to children can come with tax strings. To keep your child's gift growing and avoid tax bills for yourself along the ...

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 ...

A custodial account is a savings or investment account an adult opens and administrates on behalf of a minor. The best custodial accounts offer features that matter most to both child and adult ...

Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff. A custodial account is a ...