Two popular options emerge in this landscape: UTMA/UGMA custodial accounts and 529 plans. While both serve the purpose of accumulating funds for educational purposes, they differ significantly in ...

Custodial accounts have special tax benefits and allow you to build savings for a beneficiary. Learn how much they cost and ...

Best investment accounts for kids Teen-owned brokerage account 529 college savings plan Coverdell education savings account Custodial Roth IRA UGMA or UTMA custodial accounts Who's this for?

Investments include real estate, but not the home you live in; trust funds, Uniform Gift to Minors Act (UGMA) account or Uniform Transfer to Minors Act (UTMA) account, money market funds, mutual funds ...