It is well known that life is full of unexpected twists and turns. The most recent pandemic outbreak is the best proof of this. There is currently an all-time high number of people applying for financial aid. Yes, people often find themselves in terrible financial situations at the most inopportune times. If they need more […]
Kids story
There are two types of custodial bank accounts that you may use to assist your kid in growing wealth: UTMAs and UGMAs
A UTMA or UGMA is a financial account that is legally your child’s to invest in. Spending money from a UTMA/UGMA is not restricted in any way. A UGMA may be used to invest in the stock market, but it can also hold tangible assets like a home. To ensure that your child’s future is […]