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 ...

・529 plans are the leading way to save for college, but there are alternatives such as UGMA/UTMA accounts and Roth IRAs. ・Each option carries distinct advantages and drawbacks, particularly when it ...

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” ...

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 ...

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 ...

While 529 plans offer tax-advantaged growth and withdrawals for qualified education expenses, they also come with restrictions that may not suit every family’s needs. There are several alternatives to ...