I received an email from Asher S., who said,

I've been enjoying your podcast for several years.

Even when the topics aren't directly relevant to my situation,

it's always good to see what I can apply from your advice.

I have two questions about the UTMA I set up for my one-year-old daughter.

First, when, if ever, can a parent withdraw funds from a UTMA?

And second, where can I invest those funds so she gets better returns than from a savings account?

Thank you so much for being a long-time listener and sending in your questions, Asher.

I'll answer them and explain what families should know about UTMA and UGMA accounts for miners.

So if you're a parent or you plan to start a family someday, don't miss this show.

Hey everyone, I'm Laura Adams, a personal finance expert who's been hosting the Money Girl Podcast since 2008,

with over 40 million downloads.

I'm also the author of several books, including my most recent title,

which was a number one Amazon New Release, called Money Smart Solo Pranur,

a personal finance system for freelancers, entrepreneurs, and side hustlers.

If you're building a business or ready to earn more income, grab a copy,

you can get it as a paperback, e-book, or audiobook.

And if you're enjoying the show, or maybe you have a money question just like Asher,

or a topic suggestion, you can leave a message 24-7 by calling 302-3640308,

and LauraDatoms.com is my personal site where you can use my contact page

and learn more about my work, books, and money courses.

So let's start by just getting an overview of what are these UGMA and UTMA accounts.

...