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Description
Show details
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Client profiles |
Investment choices |
Notable account features |
Minimums and fees |
529
| Section 529 college savings plans are established by states under section 529(b)(A)(ii) of the Internal Revenue Code as “qualified tuition programs” through which individuals make investments for the purpose of accumulating savings for qualifying higher education costs of beneficiaries. |
Cash |
Choices vary by individual plan. Details would be available in the plan's enrollment handbook. |
Not Applicable |
- No income limitations
- Contributions must be made in cash
- Each state can establish their own minimums and maximums
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| Coverdell ESA |
A Coverdell ESA is a savings plan created for the purpose of paying a student’s qualified educational expenses.
Contributions are allowed for individuals under the age of 18.
Contributions are not tax deductible, but qualified distributions are tax-free. |
Cash, Cash and Covered Calls only |
- Stocks (NYSE, NASDAQ, Canadian Exchange as well as the Over the Counter and Pink Sheet Stocks)
- Mutual Funds, Exchange Traded Funds (ETF)
- Bonds
- Write Covered Calls
- Purchase Long Options
- CDs
- Index Shares
- Unit Investment Trusts
- Real Estate Investment Trusts
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- Portfolio Planner
- Wealth Ruler
- Command Center 2.0
- StrategyDesk
- Quotescope
- Trade Triggers
- Conditional Orders
- Advanced Analyzer
- Market Motion Detector
- SnapTicket
- Streaming News
- S&P Reports
- MarketEdge
- Link to Microsoft Money or Quicken programs
- Gain/Loss Tracker (free to all clients)
- GainsKeeper (reduced rate to TD AMERITRADE clients)
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Account Minimums
- $2,000 maximum per designated beneficiary
Account Minimums |
| Custodial
Uniform Gift to Minors Act (UGMA)/Uniform Transfer to Minors Act (UTMA)
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The Uniform Transfer to Minors Act (UTMA) and the Uniform Gift to Minors Act (UGMA) provide a simple way to transfer property to a minor without a formal trust, and without the restrictions applicable to the guardianship of a minor's property.
UTMAs and UGMAs are custodial accounts which allow a minor to own cash or securities that are controlled by a custodian until the minor meets the age of termination for the state in which the account was set up.
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Assets in the account become an irrevocable gift to the minor under the Uniform Gift to Minors Act or the Uniform Transfer to Minors Act (UGMA/UTMA).
New UGMA accounts may be established in South Carolina and Vermont only. However, other states may have grandfathered permission for UGMAs.
TD AMERITRADE permits custodians to take money out of custodial accounts, and will make the check payable to the custodian FBO the minor. Tax consequences are the custodian’s responsibility.
The deposit check should be made payable to TD AMERITRADE FBO child's name or account number.
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Cash, Cash and Covered Calls only
|
- Stocks (NYSE, NASDAQ, Canadian Exchange as well as the Over the Counter and Pink Sheet Stocks)
- Mutual Funds, Exchange Traded Funds (ETF)
- Bonds
- Write Covered Calls
- Purchase Long Options
- CDs
- Index Shares
- Unit Investment Trusts
- Real Estate Investment Trusts
|
- Portfolio Planner
- Wealth Ruler
- Command Center 2.0
- StrategyDesk
- Quotescope
- Trade Triggers
- Conditional Orders
- Advanced Analyzer
- Market Motion Detector
- SnapTicket
- Streaming News
- S&P Reports
- MarketEdge
- Link to Microsoft Money or Quicken programs
- Gain/Loss Tracker (free to all clients)
- GainsKeeper (reduced rate to TD AMERITRADE clients)
|
Account Minimums
- No minimum funding required to open an account
- Accounts funded with less than $1,000 are not eligable for any promotions
No maintenance fees
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