How to Track Your Spending (and Why It Is Important)
Ready to start this year with a fresh financial start? Of course you are!
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Contributing More to Your Employer's Retirement Plan
Contributing money to your employer's retirement plan is a strategic long-term plan to support yourself in your golden years.
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How to Build an Emergency Fund
You may intuitively know you need an emergency fund, but what's the best way to scrape up the money to get one going?
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Gifting for Families this Holiday Season
'Tis the year for online shopping. Or maybe you're ready to don your mask and brave the mall crowd.
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Fun Things to Do with Kids this Thanksgiving
This Thanksgiving might look a bit different than last year's. Whether you've opted to keep the numbers low and limit your Thanksgiving celebration to close...
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How to Explain Voting and the Election to Kids
When kids see political ads or hear adults talk about the election, it's natural for them to be a little curious.
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My Journey to Opening a UNest Account
A few years ago I did a self-audit where I consider the direction my life is going and what I needed to do to better align my behavior with my values.
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How to Help Your Kids Trick or Treat Safely
Never mind ghosts and goblins , there's a more insidious character lurking the streets.
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529 Plan Contribution Limits: How Much for 2020?
A 529 plan is the ideal way to save for college. It's a tax-advantaged account that can help cover the cost of tuition, books, room and board, and other...
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What are the Top Saving for College Options?
There are a variety of reasons you may want to save for your child's college. Maybe you'd like them to graduate college without a huge financial burden.
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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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