O/T roth ira for a baby
#11
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Re: O/T roth ira for a baby
Being a financial advisor I agree partially with hugetime but not completely. The thing about UTMA accounts is that they are irrevocable gifts, and upon the child reaching age of majority the money becomes solely theirs to use at their own discretion.
I do agree however, that looking long term and using a quality investment vehicle, that uses a diverse mix of stocks and bonds is the best way to achieve LONG TERM goals.
I do agree however, that looking long term and using a quality investment vehicle, that uses a diverse mix of stocks and bonds is the best way to achieve LONG TERM goals.
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Re: O/T roth ira for a baby
Originally Posted by hugetime1
that is one down side to the utma, but it is the parents responsability not to raise idiot kids!
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Re: O/T roth ira for a baby
I believe they offer Educational Roth's just go to any large fund site Janus, TR price, Vanguard. Also 529 plans go to www.savingforcollege.com for a basic education. He/she is a baby so you have time on your side.
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Re: O/T roth ira for a baby
Originally Posted by boomer
I believe they offer Educational Roth's just go to any large fund site Janus, TR price, Vanguard. Also 529 plans go to www.savingforcollege.com for a basic education. He/she is a baby so you have time on your side.