4min chapter

The Clark Howard Podcast cover image

11.18.24 A Better Way To Save For Retirement / Living Paycheck-To-Paycheck

The Clark Howard Podcast

CHAPTER

Navigating Inheritance: Smart Strategies for a Child's Financial Future

This chapter focuses on financial planning for a two-year-old who has inherited an IRA, highlighting the benefits of using a 529 account for tax-advantaged college savings. The discussion also includes responsible management of UTMA accounts until the child reaches maturity.

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