What Is an Education Savings Account (ESA)?
Submitted by Amanda on Fri, 05/29/2020 - 4:14pmIf you are wanting to save money for your kids, the next question is always “what type of account should I open for them?”
The answer depends on the goal for the money. If you want them to be able to use it for anything that they need/want (ie: house, car, etc) then you will likely want to open an UTMA for them. Here is an article that outlines all the details of an UTMA account.