custodial ira review

Last spring, I was reading about a parent wanting to open a Schwab custodial Roth IRA for their 14-year-old daughter who’d earned $312 from a summer job at a local bakery. That question — “Can we do this at Schwab?” — is one I’ve seen asked more than almost any other when it comes to … Read more

It is one of the most common questions I see asked: a fifteen-year-old earns $3,200 lifeguarding over the summer, and a parent wants to know where that money should go. The answer is often a Fidelity custodial Roth IRA — an account a surprising number of parents have never heard of. Once you work through … Read more