UTMA Accounts - How can a UTMA account save money for your child's future?

[@MrJamieGriffin]

How are you saving money for your child’s future? Have you considered a UTMA account?

[@ronthelibrarian]

Thank you for the great explanation. I did not even consider the harm a UTMA would do to her financial aid.

[@MrJamieGriffin]

You’re welcome! It could make a big difference compared to a 529!

[@Bull3t28]

For that why not just open an individual account and just gift the money to them when they’re of age ?