Does your child need a retirement account?
A custodial IRA can give children a head start on saving for future needs. The objective of an IRA is to save for retirement, but IRS rules permit penalty-free withdrawals for higher-education expenses, a first-time home purchase and other reasons.
Watch the video to learn about a custodial IRA for your child.
It’s less than two minutes, and you can contact your financial advisor if you would like to learn more.