Hey guys, just looking for some advice. I will be 18 in June and want to start investing. My current plan is to invest mostly in index funds and hold them for a long time. I was also planning on opening a roth ira eventually when i turn 18 (and a 401k once employed).
I have also heard about vanguards UGMA/UTMA accounts for those under 18. Is it a good idea to start one of those now? What happens to this account once i turn 18?
I am mostly just curious if there is anything else i should be doing besides investing in index/mutual funds for the long term and maxing out my roth contributions. And curious if it is a good idea to start one of these UGMA/UTMA accounts.
Submitted February 03, 2018 at 10:53PM by _NOTNSFWATALL_ http://ift.tt/2EzXs5v
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