Kudos to the Dells: A Gift that Grows
This morning, CNBC reported that Michael and Susan Dell are once again leading by example - contributing to savings accounts for children from low-income families.Read the story here
The Dells understand what so many families are working toward: a better financial future for the next generation. A gift today can mean opportunity tomorrow. Whether that future includes college, a small business, or something still unfolding, the earlier we start investing in our children, the more doors we open.
At UNest, we share that mission. We believe every child deserves a strong financial foundation. Our UTMA custodial accounts are built to help families start small, stay consistent, and support their child’s goals, whatever they may be.
Kudos to the Dells for showing the power of early action. And to every parent making small monthly contributions - your gift matters, too.
Don't just take our word for it
Hear what trusted money experts say about why UTMA and UGMA accounts can be a smart way to invest for a child’s future.
There are some tax advantages to using UGMA and UTMA accounts… Since they’re in your child’s name, the accounts will be taxed according to their tax bracket… There are no contribution limits on UGMA and UTMA accounts.
Dave Ramsey
Personal Finance Expert
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Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
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...you could consider opening an account where you can dive deeper with the kids by your side. The easiest way to do so is to open a custodial account, known as an UGMA ... or UTMA ... account.
Jill Schlesinger
Emmy winning Business Analyst
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Straightforward “starter” investing account for kids
JILL SCHLESINGER
Emmy winning Business Analyst
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You can give children money that can accumulate somewhat tax-free over time... I love them (UTMAs) because they were like, trusts that you didn't need lawyers to create.... I think it's one of the better tax breaks around though. I know hunting for tax breaks may not sound very exciting, but that's how you take care of your family.
Jim Cramer
CNBC Host
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Give children money that can accumulate over time
Jim Cramer
CNBC Host
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