UTMA

Advantages of a 529 Plan in 2021

2023-05-11T15:32:29-04:00April 26th, 2021|Blog, Financial Planning, Investments|

Advantages of a 529 Plan in 2021 By: Stacey Nickens The education landscape has changed significantly in the past decade, especially during the past year. Students have greater technological needs, especially with many students moving to a remote learning environment. Many families and students have to take on debt to cover educational expenses, and [...]

UTMA vs 529: Which plan should I choose?

2023-09-19T13:25:26-04:00January 4th, 2021|Blog, Financial Planning, Investments|

You may be considering saving for your child or grandchild's future educational needs. You could use an UTMA (Uniform Transfer to Minors Act) or 529 Plan to save money for a minor beneficiary. Opening either account allows you to invest contribution funds. However, while the two savings vehicles are often discussed together, UTMAs and [...]