Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Ebony Howard is a certified public accountant and a QuickBooks ProAdvisor tax expert. She ...

A custodial account and a 529 plan can both help you save for a child, but they give you very different levels of control, ...

・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 you to ...

Typically, custodial brokerage accounts are opened by parents or grandparents who want to save for a child's future or make ...