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Author: TMFExRO Big red star, 1000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 121114  
Subject: Re: TMF ExRO (UTMA) Date: 12/16/2000 3:56 AM
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I have an account that has this label on it, and I am in college. I wanted to know if I had to take the money out of this account before I graduate or not.

Neither being a minor nor wanting to give money to one, I know little about these accounts. My understanding is that at some age you can do what you like with the money. I don't know if you are required to do something with it at any age.

I suggest you ask the institution where the account is. It would seem to me that if you've reached the age that you can remove the money from the account, there's no advantage to leaving it in the custodial account, where someone else can control it.

TMF ExRO
Phil Marti
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