Can Grandparents Open a Roth IRA for a Grandchild?
Can grandparents open a Roth IRA for a grandchild? In most cases, yes — and it may be one of the most powerful financial gifts you can give. Most major brokerages allow a grandparent to serve as custodian on a custodial Roth IRA for a minor grandchild. However, a handful of brokerages still restrict custodianship … Read more