| Description | Retirement account for children that can be setup within 3 years of the birth of a child |
| Account Type | Custodial Account set up by the parent or a guardian |
| Maximum Contribution | One time Tax-deductible contribution up to a maximum $6750, revised annually |
| Minimum Contribution | No Minimum contribution |
| Earnings | Any earnings grow federal income tax-deferred. |
| Withdrawals | 10% early withdrawal penalty may apply for other withdrawals taken prior to age 65. |
| Max Contribution & Gifts | $675 per year tax deferred (10% of the annual maximum) per child. Tax deductible. |
| Self Directed | Access to a wide range of investments offering growth or income including stocks and ETFs. |
