UTMA, UGMA and 529 Plans Compared

UTMA, UGMA and 529 plans are all great options for parents who want to save up for their child's future. This video can help you decide which one is best!

0:00 Introduction
01:26 Who is the owner of a UTMA, a UGMA or 529 plan account?
01:59 UTMA, UGMA, 529 plan accounts rules
02:57 Allowed investments to a UTMA, a UGMA or 529 plan accounts
03:47 How are UTMA, UGMA and 529 plan accounts taxed?
04:55 What expenses can UTMA, UGMA and 529 plan accounts be used for?
06:16 UTMA/UGMA vs. 529 Plans
07:31 UTMA, UGMA and 529 plan accounts impact on the child's financial aid eligibility
07:53 What are the benefits of UTMA, UGMA and 529 plan accounts
08:40 Gift tax rules related to the UTMA, UGMA and the 529 plan

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DISCLAIMER: THIS VIDEO IS FOR INFORMATIONAL PURPOSES ONLY AND SHOULD NOT BE CONSTRUED AS TAX, FINANCIAL, OR LEGAL ADVICE. EVERY PERSON’S SITUATION IS DIFFERENT AND YOU SHOULD CONSULT WITH YOUR OWN FINANCIAL AND TAX ADVISOR FOR ADVICE SPECIFIC TO YOUR SITUATION. COMMENTS ARE NOT REVIEWED