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REDDIT

Did I create the right account? (UTMA Brokerage account)

C
Apr 9, 2025 · 01:16

I want to help my sibling (under 18) get a head start on investing so I created a UTMA Brokerage account on Vanguard. Is this account tax advantage? I meant to set him up with an IRA but this appeared to be the only option (a regular brokerage acct) Did I miss something?