stocks for grandchildren
i have been buying stocks for my grandchildren, but i am not doing a very good job. i have been using an etrade account with myself as custodian for their accounts. can i use an etrade account to set up an account like a fidelity account? i want something that will earn regular returns
Terry Says
Well, I think you’ve been making a huge mistake — regardless of your investment skills. What you should be doing is investing in a 529 College Savings Account, where all the gains/growth will come out tax-free if used to pay college expenses. And that won’t have an impact on their financial aid for college.
Please read this: https://www.terrysavage.com/529-plans-even-better-now-2/
