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 ...

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 ...

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

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 ...

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, ...

Alongside 529 plans and custodial accounts, there is now another way to save for kids: the Trump Account. These investment accounts, introduced as part of the tax and spending bill signed into law ...

Dear Liz: After the pandemic started, we received money from the federal government and decided to put it in a custodial account for our son, starting when he was 14. We invested the money in a ...

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 ...