Planning for a child’s education requires careful consideration of several factors, including asset ownership, tax implications (including FICA taxes) and financial aid eligibility. Two popular ...

Here's an article on 529 Plan vs Custodial Account to help you decide which one is a better choice for your grandchildren in ...

Custodial accounts are a common way for parents and grandparents to save or invest on behalf of a minor, but they often raise ...

HUNTSVILLE, Ala. (WAFF) - When saving for a child’s future, most people consider college funds, like 529 plans. But what if you want to give your child a broader financial foundation? Custodial ...

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” ...

Our families didn't pay for my and my husband's college. We have five kids, from 13 to 4, and we know we can't fully pay for their college. Instead of going with 529 plans, we went with UTMA custodial ...

Custodial IRAs enable working minors to save for retirement, and parents can contribute funds on their behalf. Custodial brokerage accounts offer more flexibility regarding contributions and ...

With custodial accounts, each child is both the account owner and beneficiary. If you already own separate 529 plans for each child, you could transfer all of the money out of each plan to establish a ...

Open a 529 college savings plan early to maximize tax benefits and save for educational costs. Consider a Coverdell ESA for flexible investment options with a $2,000 annual limit. Set up a custodial ...

Dear Liz: After the pandemic started, we received money from the federal government and decided to put it in a custodial account for our son, starting when he was 14. We invested the money in a ...