I've been adding a small amount of money to a custodial brokerage account with online trading platform and buying target 2050 retirement mutual and SP500 mutuals. Balance is about $5K. Son graduating from high school this year and will study econ in college. I would like him to have this account for trading, if he wants to, but would like him to focus on long term. Should he transfer the account to a Roth? Appreciate suggestions and recommendations.
Submitted December 29, 2018 at 11:29AM by DougButdorf http://bit.ly/2SszD5K