EP# 26 Accounts For Kids

In this episode of That Financial Guy, I break down the various investment accounts available for kids and how they can set the foundation for a strong financial future. From saving for college to teaching them about investing early, I will explore the key differences between:529 Plans – The go-to option for education savings with tax advantages, but with restrictions on how the funds can be used.UTMA Accounts – A flexible way to gift assets to minors, but control shifts to the child at a certain age.Custodial Roth IRAs – A powerful, tax-free growth opportunity for kids with earned income, setting them up for long-term wealth.Regular Brokerage Accounts – A simple and flexible way to invest, but with flexibilityI will discuss the benefits, limitations, and tax implications of each, helping you decide which account is the best fit for your child’s future goals. Whether you're saving for college, building generational wealth, or just looking for a smart way to introduce investing, this episode covers what you need to know.Helping you to be wise with your money!To see more videos discussing personal finance Subscribe:https://www.youtube.com/channel/UCbDA...For more resources: 👉   https://wfa-nc.com/insights 📝 Get your Free Retirement Plan checkuphttps://wfa-nc.com/retirement-plan-ch...To schedule a complimentary consultation with me: 👉...