UGMA and UTMA Accounts—Understanding the Benefits and Drawbacks

Laura answers a listener’s question about investing for a young child and reviews the pros and cons of UGMA and UTMA accounts for minors.Money Girl is hosted by Laura Adams. A transcript is available at Simplecast.Have a money question? Send an email to money@quickanddirtytips.com or leave a voicemail at 302-365-0308.Find Money Girl on Facebook and Twitter, or subscribe to the newsletter for more personal finance tips.Money Girl is a part of Quick and Dirty Tips.Links: <br />https://www.quickanddirtytips.com/<br />https://www.quickanddirtytips.com/money-girl-newsletter<br />https://www.facebook.com/MoneyGirlQDT<br />https://twitter.com/LauraAdams<br />https://lauradadams.com/