UTMA Accounts - How can a UTMA account save money for your child's future?
A UTMA account is a great investment tool to save and invest money for your child's future. Setting up a UTMA account creates a flexible investment account that your child can use for more than education expenses.
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Mentioned Resources:
Download UNest - https://mrjamiegriffin.com/unest
Age of Majority Table - https://www.policygenius.com/estate-p...
Info on the Kiddie Tax - https://thecollegeinvestor.com/35257/...
Jump Links - Skip to the Section You Want to Watch
0:00 Intro
0:22 What is a UTMA account and how does a UTMA account work?
1:15 Is a UTMA account a good option for you?
2:25 Do I have to pay taxes on a UTMA account?
3:17 Does a UTMA account hurt financial aid?
4:07 Start a UTMA account today on easy mode
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