I have a UTMA account with $60k sitting in it for my son and I'm worried that 18 years old is too young to have access to that much cash
Briefly

from 24/7 Wall St.1 month ago
Educating your child about money is vital as they will have access to significant funds upon reaching maturity. Regular discussions and resources can empower them to manage it well.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/04/i-have-a-utma-account-with-60k-sitting-in-it-for-my-son-and-im-worried-that-18-years-old-is-too-young-to-have-access-to-that-much-cash/
Trusting your child with a small amount of money allows them to develop financial responsibility. A chance to manage even $1,000 can imbue confidence for handling larger sums.
24/7 Wall St.https://247wallst.com/personal-finance/2025/01/04/i-have-a-utma-account-with-60k-sitting-in-it-for-my-son-and-im-worried-that-18-years-old-is-too-young-to-have-access-to-that-much-cash/
Read at 24/7 Wall St.
#utma #personal-finance #child-education #financial-responsibility #investing
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