What You Need to Know About Saving for Retirement
<h1>10 Ways to Save Money for College Tuition </h1>
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Buying a Car: What You Need to Know
When you're ready to buy a car, it's not always as simple as going to the car lot and driving away with the perfect model.
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How to Choose the Right Bank Account For You
Let's go through the steps to determine whether you're looking (or have chosen!) the right bank account for you.
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What You Need to Know About Bank Accounts
You might think you already know a lot about bank accounts, because you might have had one for years.
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Credit Cards: An Overview
You may already know what a credit card is, but you may not realize the vast array of types of credit cards issued by credit card companies.
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Credit Cards: Pros and Cons
There are several pros and cons to getting a credit card, so take a look at these before you apply for the credit card for the first time or attempt to get...
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Steps to Get a Credit Card
Now that you know the basics of credit cards, differences between credit cards and debit cards, types of credit cards and the pros and cons to having them,...
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How Life Insurance Works & Why it is Important
How your life insurance works depends on your policy and insurer. You'll want to read the details of your individual policy so you know what to expect from...
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How to Get Life Insurance
When you're ready to get started, take these steps to find the right coverage for you and your family!
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What is Life Insurance?
Life insurance: Talk about an unpleasant purchase. Gee, why not just cue a visual of the worst thing you can imagine, huh?
Continue Reading →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.
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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