How can minors invest in cryptocurrencies through a Vanguard Roth IRA?

3 answers

• Dec 18, 2021 · 3 years ago
  Minors cannot open a Vanguard Roth IRA account on their own. According to Vanguard's policy, only individuals who have reached the age of majority in their state can open a Vanguard Roth IRA account. However, a minor can invest in cryptocurrencies through a Vanguard Roth IRA if they have a custodial account. A custodial account is opened and managed by an adult on behalf of the minor. The adult acts as the custodian and makes investment decisions on behalf of the minor. The custodian can choose to invest in cryptocurrencies within the Vanguard Roth IRA account.
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• Dec 18, 2021 · 3 years ago
  Unfortunately, minors cannot open a Vanguard Roth IRA account themselves. Vanguard requires the account holder to be of legal age. However, there is a way for minors to invest in cryptocurrencies through a Vanguard Roth IRA. They can do so by having a custodial account. A custodial account is opened by an adult on behalf of the minor, and the adult acts as the custodian. The custodian can then invest in cryptocurrencies within the Vanguard Roth IRA account. It's important to note that the custodian has the authority to make investment decisions on behalf of the minor.
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• Dec 18, 2021 · 3 years ago
  Minors are not eligible to open a Vanguard Roth IRA account on their own. However, they can still invest in cryptocurrencies through a Vanguard Roth IRA with the help of a custodial account. A custodial account is opened by an adult on behalf of the minor, and the adult serves as the custodian. The custodian has the authority to make investment decisions on behalf of the minor, including investing in cryptocurrencies within the Vanguard Roth IRA account. It's a great way for minors to start investing in cryptocurrencies and benefit from the potential growth in the long run.
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