An account controlled by an adult on behalf of a minor until they reach 18 or 21 years of age. The adult (custodian) must approve all transactions within the account.

Related Terms

  • Variable Annuity

  • Traditional IRA

  • SIMPLE IRA

  • SEP IRA

  • Roth IRA

  • Rollover / Contributory IRA

  • Joint

  • Individual 401(k)

  • Individual

  • Fixed Annuity

  • Designated Beneficiary (TOD)

  • Deferred Profit-Sharing Plan (DPSP)

  • Corporate

  • Cash Balance Pension Plans

  • 401(k)