Trying to decide between a UTMA vs 529? This can be a difficult decision and it all comes down to your family goals.
In this video, we break down the differences of the UTMA vs 529 and help you decide which is best for you.
CHAPTERS
0:00 Intro
0:52 The Power of Compound Interest
2:08 What is a UTMA?
3:02 What makes a UTMA special?
3:47 What if my kids don't go to college?
4:55 UTMA's and Financial Aid
5:52 What is a 529 College Savings Plan?
6:36 529 Benefits
7:19 529 Drawbacks
9:02 Find Your State's 529 Plan
#UTMAvs529 #UTMA #529 #CollegeSavings #InvestingforKids #PersonalFinance
EPISODE RESOURCES
UNest (Get Started Investing for Your Kids in 5 Minutes!): https://www.marriagekidsandmoney.com/...
Vanguard: http://www.vanguard.com
529 College Plan Map: https://thecollegeinvestor.com/529pl...
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