UGMA Accounts For Your Family

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When it comes to financial decisions, whether it be life insurance or investing such as UGMA accounts for your family you want to make the right decision for you and your family. It can be very confusing so you want to use the right resources to make sure you know what you’re doing.

When it comes to financial decisions, whether it be life insurance or investing such as UGMA accounts for your family you want to make the right decision for you and your family

Photo by Lukas

Disclaimer: This post is a partnership between Responsival and my blog, NOT Fabric and my blog.

Investing: UGMA Accounts

When it comes to investing, did you know it’s not just for adults? Your whole family can benefit from investing accounts for kids such as described in the linked article. It explains the difference between the two main types as outlined below and helps you get started.

Vocabulary

There are two main types of investing accounts, UGMA and UTMA and there are other investing vocabulary you might not be familiar with.

UGMA – Uniform Gifts to Minors Act

UTMA – Uniform Transfers to Minors Act

Want to learn more investing terms and vocabulary?

Financial Literacy

If you are now realizing your children need some lessons in financial literacy, check out Teach Kids Money on Instagram for some great tips.

Also check out my post on 5 Tips to Teach Children About Money.

Have you invested in your kids?

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