Teaching children about money management early can be a powerful tool in setting them up for financial success. On a recent episode of the Women & Money Podcast, Suze Orman answered a question from an ...

Many parents and grandparents want to set money aside for a child’s future but aren’t sure of the best way to do it. One option that often flies under the radar is using a UTMA (Uniform Transfers to ...

・Custodial investment accounts (UMGA and UTMA) are taxable investing alternatives to 529 plans and Roth IRAs ・These accounts act as traditional brokerages for your children ・New tools allow you to ...

A few months ago the federal government took two actions that parents of college-bound kids need to know about. One could be a boon to financial-aid applicants. The other closes the “ladder tax” ...

BROOKLYN, N.Y.--(BUSINESS WIRE)--Fabric by Gerber Life, a life insurance innovator helping families protect their financial future, today unveiled a fully digital Uniform Gifts to Minors Act (UGMA) ...

Custodial accounts like UGMA and UTMA accounts are designed to allow adults to save and invest on behalf of a minor child. Like most financial products, there are pros and cons to using custodial ...