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WCI #327: Send Your Kids to College

White Coat Investor Podcast

How to Save Money on Investment-Related Income Taxes

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A UTMA Uniform Transfer to Miners account is essentially a custodial taxable account you have for your kids. Once you give it to them, it's their money and can only be used on their behalf. You don't actually pay gift taxes until you've used up your entire estate tax exemption. If you invest every tax efficiently, you could probably have about $100,000 in the UGMA without having to pay kitty tax.

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