Here are 3 popular accounts that parents use when beginning to save and invest for their child’s financial future:
– 529 Plan
– Custodial Roth IRA
– UTMA Account
There are benefits and drawbacks to each account. When deciding on how to save and invest for your children, the type of account you choose depends on the goals that you have. Different types of accounts are treated differently from a tax perspective and some accounts have greater flexibility than others. Talk to your financial planner to determine what works best for you!
#529 #UTMA #Roth #RothIRA #Investing #Finance #FinancialAdvisor #FinancialPlanning #FeeOnly #cfp #shorts…(read more)
LEARN MORE ABOUT: IRA Accounts
TRANSFER IRA TO GOLD: Gold IRA Account
TRANSFER IRA TO SILVER: Silver IRA Account
REVEALED: Best Gold Backed IRA
0 Comments