| Guardian IRA | |
 An IRA held in the name of a legal guardian or parent on behalf of either a child under the age of 18-21 (depending on state legislation) or an individual who is incapable of handling finances due to physical or mental disability. |
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 The guardian is responsible for signing documents on behalf of the minor or special-needs adult. The responsibilities of the guardian cease once the child is no longer a minor or until the adult is able to handle his/her finances. |
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 Introductory Tour through Retirement Plans - Here you will find tutorials that are each devoted to one the most common retirement plans, explaining how to establish, fund, and then take distributions from it. Who Is The Beneficiary Of Your Account? - If you've experienced life changes since first establishing your plan, it might be time to update the designations. Don't Forget The Kids: Save for their Education and Retirement - Retirement and education financing are the two most important planning items for taxpayers. |
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Related Terms
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