Hosted on MSN

UGMA/UTMA 529 Plan: Definition, Pros & Cons vs. Traditional 529

Moving money from an UGMA or UTMA account into a 529 plan can have advantages Reviewed by Charlene Rhinehart Fact checked by Jiwon Ma Reviewed by Charlene Rhinehart Fact checked by Jiwon Ma An ...
24/7 Wall St

I have a UTMA account with $60k sitting in it for my son and I’m worried that 18 years old is too young to have access to that much cash

An UTMA account makes it easier to save up for your child’s future and is a great resource. Are you ahead, or behind on retirement? SmartAsset's free tool can match you with a financial advisor in ...
Kiplinger

UTMA: A Flexible Alternative for Education Expenses and More

An UTMA account provides plenty of flexibility, allowing funds to be used for a wide range of expenses. Although it lacks the tax advantages of some other popular savings options, its versatile ...
WAFF

Saving for Children: Understanding Custodial Accounts

HUNTSVILLE, Ala. (WAFF) - When saving for a child’s future, most people consider college funds, like 529 plans. But what if you want to give your child a broader financial foundation? Custodial ...