The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/re-ira-choices-for-young-investor--10105335.aspx

Subject:  Re: IRA choices for YOUNG investor ??? Date:  2/13/1998  8:00 PM
Author:  DownwardSpiral Number:  1777 of 86144

It was my impression that minors NEEDED a custodial account since they were NOT allowed to own securities in their own name. How could a 17 year old be listed as the owner of stock?

I also recently purchased some Texaco stock. I think a major oil company, probably the one with the most proven reserves, iss an excellent candidate for a long-term hold. They ain't makin' that stuff no more!

So, dcunited, you are going to leave the 97 IRA alone with its contribution, and not roll it into a Roth? Or are you planning to stay with the traditional IRA format? I am feeling that, at these VERY limited tax liability income levels, this is the most compelling case for the Roth.


Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us