Custodial IRA: Charles Schwab: Custodial Retirement Account

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Custodial IRA Account Facts

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Download an application
or Request an application by mail

Open an account with $100.
Account service fees: None.
Contribution limit: $5,000 for tax years 2008 and 2009.
Who’s it for? Parents and guardians and their minor children with earned income.

Read our Custodial IRA Brochure to learn more.

Open the account that lets you:

Choose how you open your custodial IRA— as a traditional IRA or as a Roth IRA— so that your minor child benefits from tax-advantaged growth.
Manage the account until your child reaches the age of 18 (or 21 in some states).

Because it’s a Schwab account, you can:

Decide how your contributions are invested— use our industry-recognized research to choose stocks; bonds; CDs; no-load, no-transaction-fee mutual funds and more; or select a single portfolio solution.
Take advantage of Schwab’s retirement planning tools and resources.
Get investment guidance from a Schwab investment professional.

Investors should consider carefully information contained in the prospectus, including investment objectives, risks, charges and expenses. You can request a prospectus by calling 800-435-4000. Please read the prospectus carefully before investing.

Charles Schwab & Co., Inc., receives remuneration from fund companies participating in the Mutual Fund OneSource® service. Schwab’s short-term redemption fee of $49.95 will be charged on redemption of funds purchased through Schwab’s Mutual Fund OneSource® service (and certain other funds with no transaction fee) and held for 90 days or less. For each of these trade orders placed through a broker, a $25 service charge applies. Funds are also subject to management fees and expenses.

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