Planning for a child’s education requires careful consideration of several factors, including asset ownership, tax implications (including FICA taxes) and financial aid eligibility. Two popular ...

Many parents and grandparents want to set money aside for a child’s future but aren’t sure of the best way to do it. One option that often flies under the radar is using a UTMA (Uniform Transfers to ...

Custodial accounts are a common way for parents and grandparents to save or invest on behalf of a minor, but they often raise tax questions. The IRS generally treats the minor as the taxpayer but ...

Saving for your child's future, and in turn teaching your child about investing, can be among the biggest long-term concerns for any parent. One way to do both is with a custodial brokerage account, ...

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 ...

Until recently, astute high-net-worth parents wishing to fund their children's future education expenses could save a bundle in taxes by transferring money or investments to accounts established under ...

A few months ago the federal government took two actions that parents of college-bound kids need to know about. One could be a boon to financial-aid applicants. The other closes the “ladder tax” ...

As a parent, it’s natural to want to give your child every advantage you can. One way to give them a financial leg up is by opening a custodial account on their behalf. Custodial accounts are ...

College costs are skyrocketing, and that trend is expected to continue. The majority of families use parental income and savings to pay for college. Instead of using savings accounts, 529 plans, ...