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[quote=Anonymous]My 17/18 yo kids each have UTMA accounts. They do know about them but don't really pay attention to them. The UTMAs currently have about $50K each initially funded with a small inheritance and have grown quite well from investment returns since then. We opened Roth IRAs for them when they started teenage jobs and contribute money from their UTMA accounts into their Roths before April 15th based on their earned income the previous year. Their Roths are now worth over $50K themselves from great investments. [/quote]
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