Most grandparents default to a 529 — but depending on your situation, it might not be the best choice for your grandkids' future.

In this video, financial advisor Zacc Call (Capita Financial Network) breaks down all 7 accounts you can use to invest in your children or grandchildren's financial future — including tax advantages, who controls the money, eligible expenses, and how each one affects college financial aid.

FREE DOWNLOADS:

The Quick and Easy Cheat Sheet Grid can be downloaded here:

https://theretirementnerds.com/child-account-guide-2/

Zacc's complete guide is being finalized and the full version is almost done.

You can sign up to receive it as soon as it is complete here:

https://www.capitafinancialnetwork.com/education-center/trump-accounts-guide

⏰ TIME CODES ⏰

0:00 – Introduction

2:56 – 7 Account Types

6:45 – 4 Attributes

8:20 – Kiddie Tax & Financial Aid

12:23 – 529 Savings Account

18:50 – Custodial Account (UTMA & UGMA)

23:51 – Individual Brokerage Account

27:10 – Custodial Roth IRA

30:54 – Fidelity Youth Account

35:16 – Schwab Teen Investor Account

38:09 – The Trump Account (NEW)

44:30 – Financial Advisor Dynamic

46:30 – What Zacc Does

52:04 – Where to Get Help

💡 WANT HELP WITH YOUR OWN RETIREMENT PLAN?→ Financial Planning with Capita Financial Network (Zacc Call):

https://capitafinancial.com

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https://theretirementnerds.com

→ Estate Planning (Revocable Living Trusts):

https://EasyLegalPlanning.com

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Disclosure:

This podcast is intended for informational purposes only, and is not a substitute for personal advice from Capita. This is not a recommendation, offer, or solicitation to buy or sell any security. Past performance is not indicative of future results. There can be no assurance that investment objectives will be achieved.

Different types of investments involve varying degrees of risk, including the loss of money invested. Therefore it should not be assumed that future performance of any specific investment or investment strategy, including the investments or investment strategies recommended or proposed by Capita will be profitable. Further, Capita does not provide legal or tax advice. Please consult with your legal or tax professional for advice prior to implementing any strategies discussed during this podcast.

Certain information discussed during this podcast is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Capita believes that such statements, information and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information, and opinions. Registration with the SEC does not imply a certain level of skill or training.

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Federal Disclaimer:

We do not offer every plan available in your area. Any information we provide is limited to those plans we do offer in your area. Please contact Medicare.gov or 1-800-MEDICARE to get information on all your options.