Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Money and Finances
Reply to "If your kids have UTMAs"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]honestly i just don't see to point in contributing to these accounts. not worth the hassle for how low the contribution limit is. [/quote] huh? the split gift maximum is 38k before git tax is triggered. Your idea of “low” is not mine. [/quote] That is what I was thinking. 12 yr old's is just under 100K and 16 yr olds is at 125K. no idea when we'll transfer as their financial decision making is horrible right now. They also have a regular bank account and their spending habits are not great. Upside is they are generous with friends?[/quote] If the money is in an UTMA it does to them at 18 years old. My mom set up UTMA’s for my nephews when they were little. They turn 18 this year and we’ve realized what a horrible idea that was. Live and learn.[/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
