Parents have the opportunity to build funds for their child’s education through savings vehicles like a 529 plan or a custodial account. Both of these options allow adults to store away money that ...

Setting aside as little as $5 a day from birth, reinvesting the earnings and allowing that initial sum to grow can make a huge difference when it comes time to pay for college. Even if your child ...

Opening a 529 college savings account can be a smart move if you’d like to save for college on a tax-advantaged basis. One thing to consider when opening a 529 plan is whether it should be a custodial ...

Key Points ・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 ...

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Parental income and savings are the largest funding source ...

Most parents and grandparents I talk to have a desire to provide for the next generation. Many immediately ask about a 529 plan, but there are several other common account types that can be used to ...

If you want to start building a savings early on for your child, the perfect vehicle to do that is through a custodial ...

Shannon Liu Shair and her husband started saving for college for their children when they were born. She puts money into 529 plans and custodial Roth IRAs for both of them. The 529 plans have around ...

Forget the baby wipes warmer and the organic onesies. Today’s parents-to-be are reconsidering the traditional baby registry items and instead asking friends and family to donate to their baby’s ...