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Message
re: Best financial gift for a baby?
Posted on 11/6/23 at 10:44 am to MrJimBeam
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.
1
Posted on 11/6/23 at 11:35 am to Billy Blanks
Same as me. I have UTMA and 529 for both. I want sure I’d this was the best overall route for savings or not. I figured anything else can just be transferred from my account when needed down the road. UTMA was mainly to help plan for first car, weddings, etc.
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