Global Wealth Gap Explained: How Families Can Protect Their Future
The global wealth gap is widening. Protect your family's future with smart early investing strategies.
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Building Wealth Early through Mandatory Financial Literacy Education
Financial literacy education is becoming mandatory in more schools. Support these lessons with real-world investing.
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Investing During Global Conflict: Why Staying the Course Matters More Than Ever
Global uncertainty tests investor resolve. Staying the course during volatility often yields the best long-term results.
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Why the Fed Isn't Cutting Rates - Yet
Interest rate decisions affect your savings strategy. Learn why the Fed is holding steady and what it means for you.
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Can AI Save the Planet—or Cost Us More?
AI's environmental impact is complex and evolving. Understand the costs and benefits for informed decision-making.
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Investing for Your Teenager is the Ultimate Long-Term Gift
Investments started in your teen's name have decades to grow. Give them the ultimate gift of compound interest.
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What Net Worth by State Really Tells Us—and Why It Shouldn’t Define Your Family’s Financial Future
Net worth statistics vary wildly by location. Focus on your family's unique goals, not regional comparisons.
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7 Financial Tips Every New Grad Should Know
New graduates face unique financial challenges and opportunities. These seven tips set them up for long-term success.
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Breaking Down the New Family Tax Credits for 2026
New tax credits in 2026 offer opportunities for families. Understand how these changes benefit your savings strategy.
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A Closer Look at ‘Vibes Spending’ and Emotional Budgeting
Emotional spending can derail even the best financial plans. Learn to recognize and redirect those impulses wisely.
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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