Finance 101 for Kids: How to Teach Your Kids Great Money Habits
You don't want personal finance to become an afterthought , one of those things you "should have discussed" with your kids before they start their adult lives.
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How the Stimulus Check Child Tax Credit Might Impact Your Tax Return
Did you receive multiple stimulus checks in the mailbox for the child tax credit in 2021 (and do a little happy dance every time)?
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What is ESG Reporting?
You're probably already aware that the acronym ESG stands for "environmental," "social" and "governance." You may hear a lot about ESG from an investor's...
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6 Tips: Financial Wellness as the Ultimate Form of Self-Care this Valentine's Day
You've probably already heard of the importance of self-care. But how do you take care of yourself?
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8 Reasons 2021 is the Year of Digital Gifts
Thinking of skipping every other type of holiday shopping altogether and going right for digital gifts?
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Are You Missing Out on Common Tax Deductions and Tax Credits?
Did you know that the average American shells out an average of $525,037 in taxes throughout the course of his or her life?
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Best Holiday Gift Ideas for Kids in 2021
It's sometimes hard to shop for kids, particularly with the plethora of gift options available.
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Giving Tuesday is Coming Up: What Do You Plan to Give?
This year, Giving Tuesday falls on Tuesday, November 30. Do you have it on your calendar already?
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5 Best Ways for Military Families to Build a Better Financial Future for Their Kids
As a military family, you've certainly given your kids opportunities that many non-military families have never experienced , possibly the option to live in...
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15 Best Budget Friendly and DIY Costumes for Halloween
Halloween's getting closer, and despite the fact that your child has been thinking about candy bars and trick-or-treating with friends, you haven't actually...
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Hear what trusted money experts say about why UTMA and UGMA accounts can be a smart way to invest for a child’s future.
Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
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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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Straightforward “starter” investing account for kids
Jill Schlesinger
Emmy winning Business Analyst
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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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Give children money that can accumulate over time
Jim Cramer
CNBC Host
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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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