If you want to start building a savings early on for your child, the perfect vehicle to do that is through a custodial ...

Curious about what is a custodial account? Learn how they work, the benefits for kids, tax rules and other important things to consider before opening one.

Key Points ・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 ...

There’s an old proverb that says if you give a man a fish, you can feed him for a day. But if you teach a man to fish, you feed him for a lifetime. The same can be said for teaching your child to ...

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 ...

NEW YORK — Many parents think it’s wise to open a custodial account for each of their children at a bank, brokerage or mutual fund company. All you need is a Social Security number for the child.

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 ...