・Custodial investment accounts (UMGA and UTMA) are taxable investing alternatives to 529 plans and Roth IRAs ・These accounts act as traditional brokerages for your children ・New tools allow you to ...

Suze Orman, renowned for giving financial advice on her "Women & Money" podcast, recently advised a woman looking to open brokerage accounts for her four grandchildren, aged 7, 5, 2, and two months.

I am a 79-year-old grandfather of three grandchildren. We are thinking of setting up 529 accounts for each grandchild, who are now in the 8th, 9th and 11th grades. Should I do so now? My wife and I ...

If you want to start building a savings early on for your child, the perfect vehicle to do that is through a custodial account. These accounts make it possible for parents, grandparents or other ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them. Saving money for your child’s future is a noble goal for ...

I recently learned that I'm going to become a grandparent for the very first time. Beyond what I'll be called - Grumpy is the frontrunner - I'm thinking a lot about how I can set my grandchild up for ...

Opening a savings account for a child can help teach them valuable financial skills, such as money management and goal setting. Custodial accounts can hold more than just cash and may affect future ...

When my wife was a baby, her auntie opened a gift account and invested a few thousand dollars in a low-cost mutual fund. Today, 36 years later, that account is worth about $45,000. We've never touched ...

Shannon Liu Shair and her husband started saving for college for their children when they were born. She puts money into 529 plans and custodial Roth IRAs for both of them. The 529 plans have around ...

A custodial account is a popular way for parents and guardians to invest for their children’s future. Accounts are easy to set up and manage, and the adult custodian can choose from a wide range of ...