Questions regarding Roth IRA / ESA disclosure
Hey guys,
Incoming SA here with two quick questions. I'm going through the paperwork for compliance, and there's a form to disclose any brokerage accounts that I may have in my name.
1) My parents set up a Roth IRA brokerage account for me when I was younger. I called the brokerage today and apparently I have full control of it (I've never touched it). This is definitely something that I have to disclose, even though it's a retirement account, correct?
2) My parents apparently also set up an ESA (Education Savings Account) for me when I was younger, but they've never touched it. I am the beneficiary of this account. Does my ESA need to be disclosed?
In both instances, the account balances are around ~$3,000. The money isn't important to me; I'm just looking to meet regulations and not get fired, haha.
Thanks for any help!
Fugiat et nesciunt facilis eius illum exercitationem. Recusandae earum dignissimos ex deserunt voluptatibus amet sed voluptatibus. Ut qui sit illo quas dolorum repellendus maxime accusamus. Quo quia non harum sed praesentium distinctio nobis. Voluptas cumque reprehenderit soluta temporibus.
Deleniti et repellat quod id asperiores hic. Voluptas sunt fugiat impedit minima quibusdam excepturi eos. Quis aperiam neque nobis sint et ex.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...