However, note that the limit is per account.Crosenfield, where did you hear this? Every source I've heard states that the limit was per bank. So a savings & checking account wouldn't work.However, the individual and joint accounts method would work. You also might be able to set up trust accounts: a trust for your wife with you as trustee, a trust for you with your wife as trustee. So you could have 5 accounts at 1 bank. (You, Wife, Joint, and 2 trusts)But be *VERY* careful about transferring ownership of the funds to another person; there are bound to be tax issues involved.
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates, Analyst Ra