#personalfinance #finlit #financialplanning #fire #financialindependence #richmccormack #CFP
Come work 1 on 1 with me as your financial advisor – Learn more about it here – https://www.schoolofpersonalfinance.com/membership
0:00 Intro
0:50 What not to do
1:51 How Gift Tax Works
2:54 Custodial Savings Account (UGMA) UTMA)
4:47 Custodial Brokerage Account (UGMA) UTMA)
5:39 529 College Savings Plan
8:05 Roth IRA Accounts
9:41 Rental Real Estate
10:50 My favorites
In this video, I cover what not to do, how gift taxes work, and the 5 ways to save for your kids future.
Subscribe Here: https://www.youtube.com/channel/UCJoM14_FRzdVAK4awLISSDA?sub_confirmation=1
Share this video with a friend:
Check out School of Personal Finance blog:
https://www.schoolofpersonalfinance.com/blog
★ CONNECT WITH RICH ON SOCIAL★
▸Twitter: https://twitter.com/richmccormack/
▸Instagram: https://www.instagram.com/richmccormack04/
▸Facebook: https://www.facebook.com/richmccormack
▸Linked In: https://www.linkedin.com/in/richard-mccormack/
To Becoming Great with Money,
Rich McCormack, CFP®
www.schoolofpersonalfinance.com