CD investing for son
I have a 56,000.00 C D that I started for my son 42 years ago. What should I do so that he has something as he gets older. Should I get him an IRA or should I invest it in something. Please I would appreciate your input. Thank you
Terry Says
How old is your son? Is he working? Is he married? Do you have grandchildren?
Very important: How is the account holding this CD titled? Is it still a custodial account?? Whose SS number is on it?
And does your son even know about this money:
Good for you for setting money aside so long ago. But without more info I can hardly make a recommendation.
