Derek Miser’s Input on Custodial Brokerage Accounts

For those of us with kids who are at or nearing the age of attending college, several steps can be taken to lessen the burden of tuition, room and board and the rest of expenses sure to make an impact on your household. One possible strategy is to employ a Custodial Brokerage Account whereby you hold the keys to the account while also demonstrating to the child how to set back funds and watch the interest accrue. Eventually, the child gets control and by then, hopefully, they will have been taught financial responsibility. Read the article below by clicking on the pdf to read more and to hear Derek Miser’s take on this unique savings opportunity.