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a minor who is a foreign national
I am retired so I can not open another Roth and my other assets are already divided where Infant them to be. I contacted TRowe Price and they will not open a custodial account for a foreign nation. Plus for me ton open an account now I have to start at $2,500. I do not want To start at  that level.

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From: Robert Shaw via bivio.com
Sent: ‎Saturday‎, ‎November‎ ‎22‎, ‎2014 ‎4‎:‎49‎ ‎PM
To: club_cafe@bivio.com

Why not start a Roth with the minor as the beneficiary? That way you are total control (he/she may not turn out as you hope) and the money is still yours.  If your hopes pan out you can give them the money tax free.


On Nov 22, 2014, at 1:40 PM, MALIKIA GABAY wrote:


Does anyone have any experience with custodial accounts for minors in a family investment account when the minor is a foreign national and therefore there is no social security number?
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