Custodial assets in the Early account are for the use and benefit of the beneficiary who takes control of the account at the age of transfer. Open a UTMA/UGMA invest account for the kids in your life in under 5 minutes. You can even get started with just your spare change. Acorns InvestĪn individual investment account that allows you to start investing for your goals, like a car or a home. With a single Acorns subscription, you can get access to 3 different investment accounts including individual investment accounts, retirement accounts and UGMA/UTMA accounts. And depending on factors like age, employment, kids, or income, it could be better - investing-wise - to set up different accounts for different financial priorities.įor example, contributing money towards a retirement account can allow for potential tax benefits that may not be available when using non-qualified investment accounts. One of the things that make Acorns unique is that it encourages investing small amounts of money consistently over a long period of time in a diversified portfolio, rather than making big investments in single stocks or attempting to time the market.Įveryone’s financial situation is unique. Our tools are built on basic principles of long-term investing, dollar cost averaging, and diversified portfolios. Acorns is an app packed with financial wellness tools that help make saving and investing easy.
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