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Jeff - Founder/CEO A UTMA can be used for non-education expenses without a penalty. Gains, to an extent, on the account can also be offset by the kiddie tax exe
by Bricejm 14y ago
Jeff - Founder/CEO A UTMA can be used for non-education expenses without a penalty.
Gains, to an extent, on the account can also be offset by the kiddie tax exemption. We will be providing the education and tools to explain this and make it as easy as possible.
A family could also pair a 529 plan and a TrustEgg account to save.