Todays Host Carly and Ronald discusses the top 5 investment accounts for your little one and how Little Wonders, Cozy Corners is helping parents and guardians secure their tomorrow, one dollar at a time!

Education Investment Accounts that will be discussed are:

• 529 Savings and Investing Accounts- If saving for a child’s education is the goal, a 529 account is tax-advantaged for education expenses. Investments grow tax-free and can be withdrawn for qualified expenses like textbooks, tuition and room and board.
• Custodial Brokerage Accounts- financial account that is established on behalf of a child and managed by an adult. Although the account will initially be in your name, the child will automatically take complete control once they reach age 18 or 21, depending on state laws.
• ABLE Accounts- type of 529A account that allows a person with a disability to save money and wages without losing public benefits
• Special Needs Trusts- someone with a disability can receive financial support without jeopardizing income-tested government benefits.