Planning

Healthcare costs can add up, but some accounts may help you save for medical expenses while also saving money on taxes. Learn some of the ways they work and how they can help you save now for future costs.

UGMA and UTMA accounts can help you save and invest for your child’s future. Learn about key differences between UGMA and UTMA custodial accounts.

To open a Trump Account, you’ll need information like your child’s Social Security number, plus access to IRS Form 4547 or the TrumpAccounts.gov website. Learn more about opening a Trump Account.

The kiddie tax may apply when a child has unearned income over a certain amount. When that happens, the income may be taxed at the parent’s rate. Learn what counts and how to plan to avoid tax surprises.

Beneficiary designations are important because they can override your will. Learn about a few common mistakes account owners may make when naming beneficiaries and how to keep accounts updated.

To open a custodial account, you need to have the child’s name, birthdate and Social Security number ready, plus some personal information about yourself. Learn how to be prepared before opening a custodial account.

Health savings accounts (HSAs) can help you save money to pay for healthcare costs now and in the future. Here’s what to know about the tax benefits of HSAs.

Changing a beneficiary affects who receives your assets after you die. Understand the impact of changing your beneficiary and the limits on possible updates.