@robeverydayfinance: Replying to @Archibald 👶 Here’s how you can start investing for your kids and build generational wealth for them 1️⃣ Custodial accounts, like a UGMA or UTMA account. These are like regular taxable brokerage accounts that will automatically transfer to your kids once they turn 18. Since these accounts operate as gifts, you cannot withdraw any contributions and they belong to your kids. These accounts are great to use as a downpayment on a first home, buying a car, or for your kids to continue investing in until they retire. 2️⃣ 529 Plan accounts are tax advantaged education funds where all growth is 100% tax free, and qualified withdrawals are also untaxed. The benefit of these accounts is you retain ownership and can reassign beneficiaries or perform a Roth IRA rollover of up to $35,000 Would you open either of these for your kids?   Follow me @robeverydayfinance for more personal finance you weren’t taught growing up! #PersonalFinance #PersonalFinance #financialliteracy #529plan #ugma

Rob | Everyday Finance

Open In TikTok:

Region: US

Friday 09 October 2026 18:13:37 GMT

2764

171

Music

Download

No Watermark .mp4 (10.43MB) No Watermark(HD) .mp4 (7.73MB) Watermark .mp4 (10.05MB) Music .mp3

Comments

FlawlessPatriot :

I Opened brokerage accounts in my name sublet for them so when they are older I can transfer it to them as a gift tax

2026-10-10 19:11:16

Working Class Wealth HQ :

Great breakdown! 👏 One thing parents should understand about custodial investment accounts: the money legally belongs to the child, and they eventually gain control at the age required by state law. If the goal is specifically college, a 529 plan is also worth comparing because of its education-related tax advantages. Building generational wealth isn’t just about investing early — it’s about choosing the right account for the goal.

2026-10-10 14:49:58

Rob | Everyday Finance :

Let’s just pretend I didn’t mislabel the accounts at the end when showing numbers 😭

2026-10-09 19:46:17

Anon. :

My retirement advisor did tell me that I’d be able to withdraw from the UTMA for my son if needed though… different rules?

2026-10-10 18:43:21

nobody :

Thank you! For the custodial acct for the kids, do they have to have earned income? I don't own a business and they're not old enough to work.

2026-10-10 14:38:49

notesbynathan :

Did not know this!

2026-10-10 15:44:40

Emily inesta :

You've inspired me to create wealth.@sophiakarlton

2026-10-10 18:01:34

To see more videos from user @robeverydayfinance, please go to the Tikwm homepage.