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What is a custodial IRA?

What is a custodial IRA? It is a way for someone younger than 18 to open a Roth IRA. These accounts are managed by a parent or grandparent until the individual is no longer a minor (typically at age 18), at which time they assume control of the account. Read attached article to find out more about Roth IRA custodial accounts. Click here…

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