The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing


Subject:  Re: IRA for teenager Date:  5/28/1998  5:50 PM
Author:  TMFPixy Number:  3506 of 88820

<<Others have reported that it is difficult, however, to set up an IRA for a minor. This is because accounts for minors require a custodian, usually a parent, while IRAs also require a custodian, usually a bank. But I think that people have done it successfully -- it may take some shopping for a broker prepared to handle it, and perhaps someone who has done it will be able to provide details.>>

I've been told that Vanguard will set up an IRA for minors.

Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us