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Financial Planning / Tax Strategies


Subject:  Re: UGMA Drip Account/minor now adult Date:  7/13/2019  7:25 AM
Author:  nagdabbit Number:  129488 of 130016

As always, folks on the fool are such a terrific resource!

Hadn't thought of this -
wash your hands of it. He can decide if he wants to keep reinvesting dividends
I know he wouldn't be inclined to keep track of the cost basis going forward, but without reinvesting he wouldn't have to.

And wish I had thought using the account to help fund college (which we took care of...)

I'll get the transfer going and explain his choices to him.

Thanks much!

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