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re: Best financial gift for a baby?
Posted on 11/6/23 at 5:24 am to CalcuttaTigah
Posted on 11/6/23 at 5:24 am to CalcuttaTigah
What’s the boards thoughts on UTMA? Obviously one downfall is automatic ownership of funds transfer by 18/21.
2
Posted on 11/6/23 at 10:02 am to MrJimBeam
quote:
What’s the boards thoughts on UTMA?
I like the idea of the UTMA to be able to use the funds as needed whether it is for school, housing, or wedding type stuff.
Posted on 11/6/23 at 10:44 am to MrJimBeam
quote:
What’s the boards thoughts on UTMA? Obviously one downfall is automatic ownership of funds transfer by 18/21.
It does scare me on auto transfer. I have one set up for my daughters wedding way down the road. She's early grade school but wanted to be prepared.
Also have a 529 set up for all my kids.
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