Chapter 7: UTMA & UGMA Accounts: What Are They?

In our saving 4 college series, we’ve discussed several types of college savings accounts, now it’s time to dive into UTMA and UGMAs. UTMA and UGMA accounts are types of investment accounts that can help parents save money for their child’s college. With a UTMA or UGMA account, parents are able to contribute a certain

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Chapter 7: UTMA & UGMA Accounts: What Are They?