Should You Setup a Custodial Account For Your Child?

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Should You Setup a Custodial Account For Your Child?

By The BIDaWIZ Team on August 22nd, 2012 at 4:00 pm

Parents that have already setup a 529 plan or Roth IRA for their child, may want to consider a custodial account as well. This account will effectively provide your young child with some capital when they are no longer a minor. Still, should you set one up and what are the drawbacks? .

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