Posts Tagged Investment Account

01.2.2009

What is the best investment option for a secret nest egg?

I would like to open an investment account to build a secret nest egg. I have $5000 to start and want to add up to $100,000. I don’t want my husband to know about it and prefer that it be non-taxable and as untraceable as possible. Any suggestions?Debra

12.31.2008

What type of custodial investment account is the best for a dependent child?

I am considering setting up a custodial stock account for my 2 year old. I’m seriously considering DRIP type investment.
What type of account is most beneficial in terms of tax benefits, for both parents and children?
Is it better to own a separate DRIP account until the child reaches the adult age and then gift them [...]

12.14.2008

What are the limitations of a custodial investment account?

I am 17, and I want to open a Custodial Account for stock investment. Can my own bank account be used for this, or does it have to be my parent’s bank account , and then when I turn 18 they give me the earnings. How does it all work?Mercedez