Personal Investing -- Actionable "To-Do" List Now

Locator: 47096PERSINV.

I'm starting a new series on investing that I can share with my extended family members, most of whom have Schwab accounts but little understanding about investing.

Anything I write here is meant only for my extended family members and no other readers. It is a starting point for discussion among the family members. Nothing is written in stone. These posts will be updated as conditions change. They will eventually be collected and linked under the "Personal Investing" tab at the top of the blog.

****************************
The Actionable To-Do List

*************************
Family B

Actions to be taken now:

• set up a Schwab self-directed Roth IRA for himself
• set up a Schwab self-directed Roth IRA for spouse
• begin downsizing section B of the Schwab cartoon and moving that cash (eventually equities) into the Schwab self-directed Roth IRAs

Long-term: section B should be eliminated and all assets moved into section A. This may take up to five years, possibly longer based on tax implications. 

Section B: review dividend re-investment for each equity.

*************************
Family A

Actions to be taken now by the grandparents:

• set up a Schwab 529 for each of the grandchildren
  

Long-term: