The other 100 disinfection by-products in pool water, if you really want to worry. Some are known mutagens, meaning they cause mutations, which could lead to cancer. But one review found that even with all these chemicals, swimming pool water is about as mutagenic as drinking water.
Custodial Accounts. A custodial account is a bank or other financial account that a person opens for the benefit of another person, called the beneficiary. The person who opens the account is often the custodian -- the person who manages the account -- although it's also possible to name a third party as custodian.
One of the more traditional methods is to open a custodial account, which children can access once they become an adult, but this doesnât place any educational criteria on how money is spent. 1  This is not an education-only savings account and your kids may use the money you invest however they like. Another option is to utilize an UGMA or UTMA account. What Are UGMA and UTMA Custodial Accounts? UGMA and UTMA accounts are considered the granddaddy of college savings accounts. The UGMA (Uniform Gift to Minorâs Act) and UTMA (Uniform Transfer to Minorâs Act) are nothing more than custodial accounts, which are used to hold and protect assets for minors until they reach the age of majority in their state.