UGMA Account
If I opened a UGMA or Alterative account and plan to initially( one time) fund it and just let it ride, without actually managing it for 20 years , what investment would you suggest , a Stock, ETF, or a Mutual Fund? Thank you
Terry Says
Why would you open an account for a minor (UGMA) and “let it ride”?
UGMA accounts weigh very heavily against the child in the Federal Financial Aid formula for student loans.
If you’re trying to save money for a child or grandchild read this:
https://www.terrysavage.com/the-gift-of-college-529-plans/
