How to Create a Financial Legacy for a Child
Sound Investing
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Roth IRA for a Grandchild?
In this case, I'm working on right now with our granddaughter, that taxable account is opened in the name of our daughter. And so she will be investing that account, the express purpose of this individual, separate account is to fund the Roth IRA for the granddaughter. So some people might choose to put the money in thename of the grandchild in a custodial account. The only thing I'm concerned about is if they do that when the child reaches 18, whatever the age of majority might be, they have access to that money.And I would rather have an adult in charge of it in those early years. It's important that child will be able to see how that investment did
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