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

Once she reaches 21, the UTMA will be re-registered as a brokerage account in her name, and she’ll be given full ownership. That means she can spend it on anything she wants (we’ll worry about ...

Gifts to children can come with tax strings. To keep your child's gift growing and avoid tax bills for yourself along the way ...

Millennial parents should start thinking about saving up for their own child’s education expenses (even if it’s still more ...

The first step is figuring out how much you need to save. During the 2022–2023 academic year, the average total cost for full ...

Custodial brokerage is brokerage accounts for kids offered by online brokerage platforms. A parent or guardian can open a custodial brokerage account, such as a custodial Roth IRA, to save and ...

On January 16, the FDIC received a letter from Sens. Ron Wyden (D-OR) and John Fetterman (D-PA) urging the finalization of a proposed rule ...

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.

Click in for more news from The Hill{beacon} Health Care Health Care   The Big Story DOJ flips on gender-affirming care ...

The federal government no longer backs transgender minors and their families in Tennessee who are challenging a state ban on ...

SYDNEY (Reuters) - Australia's government carved out an exemption for YouTube when it passed laws banning social media access ...

UGMA Custodial Accounts legally belong to the child, so earnings are typically taxed at the child’s rate, which is usually ...