enow.com Web Search

Search results

1. Results from the WOW.Com Content Network

2. What is a custodial account? - AOL

   www.aol.com/finance/custodial-account-173403481.html

   Here’s how custodial accounts work.

3. Uniform Gifts to Minors Act - Wikipedia

   en.wikipedia.org/wiki/Uniform_Gifts_to_Minors_Act

   Under the UGMA or UTMA, the ownership of the funds works like it does with any other trust and the donor must appoint a custodian (the trustee) to look after the account for the benefit of the beneficiary. [citation needed] Until 1986, a UGMA or UTMA account allowed the assets to be taxed at the minor's income tax bracket. Tax law changes in ...

4. Tax tips for HENRYs: 5 end of year moves if you are High ...

   www.aol.com/finance/tax-tips-henrys-5-end...

   Here are some ways HENRYs—or really anyone with substantial earnings—can lower their tax bill. 1. Max out retirement accounts. ... gains taxes. To do this, you can open a custodial account for ...

5. Custodial account - Wikipedia

   en.wikipedia.org/wiki/Custodial_Account

   Custodial accounts come in a number of forms, one being an account set up for a minor, since the minor is under the legal age of majority. The custodian is often the minor's parent. In the U.S., this type of account is often structured as a Coverdell ESA, allowing for tax-advantaged

6. 11-Year-Old Aspiring Investor Asks: Roth IRA Or UGMA? Suze ...

   www.aol.com/11-old-aspiring-investor-asks...

   A UGMA account is a custodial account that allows minors to own securities and other assets under the management of a parent or guardian. ... UGMA accounts do not have the same tax advantages as ...

7. Uniform Transfers to Minors Act - Wikipedia

   en.wikipedia.org/wiki/Uniform_Transfers_to...

   The Uniform Transfers To Minors Act (UTMA) is a uniform act drafted and recommended by the National Conference of Commissioners on Uniform State Laws in 1986, and subsequently enacted by all U.S. States, which provides a mechanism under which gifts can be made to a minor without requiring the presence of an appointed guardian for the minor, and which satisfies the Internal Revenue Service ...

8. How to open a savings account for a baby or child - AOL

   www.aol.com/finance/open-savings-account-baby...

   529 account: Most parents save for college in 529 plans, which allow you to invest after-tax money into diversified, low-cost stock and bond funds and then withdraw the money tax-free for ...

9. Investing order of operations: Where should I invest next? - AOL

   www.aol.com/finance/investing-order-operations...

   UGMA/UTMA accounts: Custodial accounts allow you to save on behalf of your child, but they don’t have the same tax advantages as a 529 plan. And once the child reaches the age of maturity (18 or ...