529 vs. UTMA: Which Investing Option is Best For Your Child?

If you're considering investing for your child, you have a choice between the UTMA vs 529. Let's break down the pros and cons of each! CHAPTERS 00:00 Intro 529 vs. UTMA: Which Investing Option is Best For Your Child? 00:40 The Power of Compound Interest 02:00 What Is a UTMA Account 02:55 UTMA Benefits 04:20 UTMA Drawbacks 05:55 Intro to 529 Plans 06:30 529 Plan Benefits 07:45 529 Plan Drawbacks and Misconceptions 08:35 SECURE 2.0 Act and Roth IRA Rollovers 09:30 Watch Out for Fees 10:00 UTMA vs. 529: Which Is Better #GenerationalWealth #UTMA #529 #FamilyFinance #PersonalFinance OTHER VIDEOS TO WATCH How to Open a Custodial Brokerage Account With Vanguard https://youtu.be/V3X4pdzMdQg What's the Best Way to Invest for my Child's Future? https://youtu.be/T_Jp6Wc6_Uc?si=6NA0BTp8E49-awB1 10 Years Investing for my Kids - What I Learned! https://youtu.be/ADHlP2B2F2A?si=QZBWQHD8PI0FqHSg BIO - ANDY HILL: Andy Hill, AFC® is the award-winning family finance coach behind Marriage Kids and Money - a platform dedicated to helping young families build wealth and happiness. Andy's advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of podcast downloads and video views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world. When he's not "talking money", Andy enjoys being a Soccer Dad, singing karaoke with his wife and relaxing on his hammock. ✅ CONNECT WITH US Instagram: http://instagram.com/marriagekidsandmoney Blog: https://marriagekidsandmoney.com Podcast: https://marriagekidsandmoney.com/podcast-archive/ HOW WE MAKE MONEY + DISCLAIMER This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice. Marriage Kids and Money (www.marriagekidsandmoney.com) is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.com. CREDITS Research & Writing: Andy Hill, AFC® Video Editing: Hinz Video Thumbnails: Ardi, The Thumbnail Wiz Channel Management: Nev Maraj