Would love to get some advice and insight on strategies to pay for kids' private school and life cycle events (sweet 16/bar mitzvah type)
My understanding is that both the UTMA account and Coverdell may be creative ways to decrease tax burden in the short term and grow penalty free. These ideas have popped into my head but I am not sure if its validated. Any help is greatly appreciated!!
My understanding is that both the UTMA account and Coverdell may be creative ways to decrease tax burden in the short term and grow penalty free. These ideas have popped into my head but I am not sure if its validated. Any help is greatly appreciated!!
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