A friend of mine launched 'http://Loved.com ' and its really cool to get parents and kids investing early - check it out https://www.loved.com/ feedback appreciated
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Replying to @howardlindzon
Pretty cool. Not sure I'd use it for college savings given the potential impact of the UTMA on financial aid and lack of transferability to another beneficiary, but good way to save on behalf of a child for free/low cost. Might use it for one of my friend's kids.
2 replies 0 retweets 4 likes -
Replying to @BruniCharting @howardlindzon
Hey
@BruniCharting - the best part of a custodial UTMA is flexibility to use it how you wish - transfer it out, prepay college or put it in a 529 such that it has no impact on aid eligibility. 529s are great but often disliked due to lack flexibility in use and investment options2 replies 0 retweets 1 like
Got it, thanks for the clarification. Sometimes I get stuck in the linear thinking of a=b that I miss option c. Let's just be grateful I'm no longer in the accounting field =p Will be opening one for my friend's daughter. Good luck with the launch!
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