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UTMA

Education Planning: UTMA, 529 Plans, and The Roth Exception

Education Planning: UTMA, 529 Plans, and The Roth Exception

I can say that we have stayed away from using UTMA's and don’t really see it as the best available option for funding a child's education. We typically see this strategy with physicians 45 or older as it was the suggested preference of financial planners at one point, but I see the use of it declining and it is now almost non-existent with the younger physician generation. The reason is in the details: