Unified Transfer to Minors Act

March 19, 2016

Do you know what an UTMA account is? Jim, Chris and Peter discuss Unified Transfer to Minors Act accounts including: what is an UTMA? What are the rules regarding these accounts?  How can you best use an UTMA account and what are their limitations? They also talk about when you’ll receive a 1099 for tax purposes when you transfer money in and out of retirement accounts.

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Jim Saulnier and Associates | 970-530-0556 | 506 East Mulberry Street, Fort Collins, Colorado 80524

Jim Saulnier, Registered Representative, Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA/SIPC to residents of: CO, IA, IN, MA, NY, TN, TX, WI and WY. No offers may be made to or accepted from any resident outside the specific states mentioned. Jim Saulnier, Investment Advisor Representative, Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Financial Planning services offered through Jim Saulnier and Associates, LLC., a Registered Investment Advisor. Cambridge and Jim Saulnier & Associates, LLC are not affiliated.