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 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 ...

When you are painting the financial picture for your family, whether it is investing in real estate, brokerage accounts or even just an emergency fund, the money saved and earned isn’t just about you.

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 ...

There’s an old proverb that says if you give a man a fish, you can feed him for a day. But if you teach him to catch his own fish, you can feed him for life. The same can be said for teaching your ...

Saving money for your child's future is a noble goal for any parent, but the time eventually comes when money switches hands. UTMA and UGMA accounts go to the child when they are 18 or 21 years old, ...

There are many types of investment accounts you can open for kids. Alternatives such as savings accounts, savings bonds or CDs could also be appropriate. It’s important to choose an account that ...

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 ...

Editor’s note: This is the fourth article in a six-part series focused on paying for education using smart financial and estate planning. Other articles focus on direct tuition payments, 529 plans, ...

It's never too early to teach your children healthy saving habits, especially when you know there are big expenses ahead - from a car to a college education. Opening a savings account can help teach ...

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 ...