Two popular options emerge in this landscape: UTMA/UGMA custodial accounts and 529 plans. While both serve ... personalized ...

Giving young children financial gifts is a great way to help them with the expenses they’ll face as they age. However, cash ...

Types of Custodial Brokerage Accounts: UGMAs vs. UTMAs There are two ... One way around this is to liquidate the UGMA or UTMA and transfer the assets to a 529 college savings plan.

You may also see custodial accounts described as UGMA/UTMA accounts. This is based on the Uniform Gifts to Minors Act or the Uniform Transfers to Minors Act — the legislature that allowed for ...

Part two is 529 ... account can be invested in a variety of assets, including individual stocks or bonds, mutual funds, ETFs and other vehicles. There are no limitations on contributions to an ...

Best Custodial Accounts Merrill Edge offers a vast range of other competitive products, including automated investing accounts (robo-advisors), IRAs, 529 plans, retirement calculators, margin ...

It's never too early to start investing for your kids and teaching them the concept of setting aside money for a goal. The more time you have in the market, the more your money can grow.

Flexibility gives UTMA accounts an advantage over some other savings strategies, such as 529 plans and Coverdell Education Savings Accounts (ESAs), which can be used only for qualified education ...