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Guardian IRA |
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Guardian IRA An IRA created and administered on behalf of a minor or mentally incompetent adult by a legal guardian. The IRA is registered in the name of the minor, but the guardian is responsible for all paperwork. When the minor reaches adulthood (either 18 or 21 years of age, depending on the state), he/she must complete necessary paperwork recognizing him/her as the administrator of the IRA. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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