What types of accounts does BUYandHOLD offer?

BUYandHOLD currently offers the following types of accounts:

Individual - a brokerage account in the name of one individual.

Joint - a Joint Account with Rights of Survivorship (JTWROS) is an account in the name of two people, both of legal age. Either individual may conduct account business on behalf of both owners. Upon the death of one owner, the assets of the account are owned entirely by the surviving owner.

Custodial - a custodial account is typically used by a Custodian for a minor as a method to invest for children who are not of legal age. It is very popular for college planning, or general savings, especially when you adopt the long-term "Buy and Hold" strategy. Combined with our E-ZVest^sm service for automatic regular investments over the years, even small amounts can add up over time.

Investment Club - a brokerage account for a group of people who meet regularly and pool their funds to invest in securities. Often, a club is formed for educational purposes as well as for profit potential. Because most investment clubs are formed as partnerships, the group's dividends, realized capital gains and losses are passed through for tax reporting to the individual members. Please consult a tax advisor regarding the tax consequences of investment clubs.

Traditional IRA - Traditional IRAs are retirement savings accounts for individuals. Contributions may be tax deductible, depending on your income and whether your employer offers a qualified retirement plan. Earnings are not taxed while in the account. Taxes are due when distributions are taken, and there are penalties for taking distributions before age 59 ?. Anyone who has earned income and is under 70 ? years of age can establish and fund a Traditional IRA.

Roth IRA - Roth IRAs are retirement savings accounts for individuals. You are not taxed on the earnings in the account and distributions are also tax-free if you meet the IRS requirements. There is no deduction allowed for Roth IRA contributions. In order to make a $5,000 maximum contribution to a Roth IRA, your modified AGI (adjusted gross income) must be less than $99,500 if you are a single individual, or less than $156,500 if you are married.

Rollover IRA - a holding account for assets distributed from an employer sponsored qualified retirement plan, such as a 401(k), known as a Direct Rollover. By keeping these funds separate from any regular IRA contributions you may make, you will be eligible to roll these assets back to an employer?s plan in the future if you choose to do so. If rollover funds from an employer?s plan are commingled with a regular annual contribution, you forfeit the ability to move them to another plan.

Coverdell ESA (formerly Education IRA) - A Coverdell ESA allows you to save $2,000 a year per child for toward elementary, high school or higher education expenses. Contributions are made with after-tax dollars, and can be withdrawn without tax, meaning that the interest is never taxed (like a Roth IRA). A child may have several education IRAs in his or her name, but total contributions to all of them combined, from all sources, may not exceed $2,000 each year.

What do I need to open an account?

You will need the following information to open an account:

When you apply online using our E-Signature application, you?ll be able to access your online account immediately. Our services are available to U.S. residents only with a valid social security number.

How do I open my new account?

To open a new account, simply do the following:

BUYandHOLD, c/o Freedom Investments, Inc.
Attn: New Accounts Department
375 Raritan Center Parkway
Edison, NJ 08837

What are the age requirements to open an account?

The legal age to open an Individual Account is 18, except for AL and NE where the legal age is 19 and PR where the legal age is 21. An adult wishing to open a Custodial Accounts for a minor must be 21, except in the following states where the legal age is 18: AK, CA, DC, KY, LA, ME, MI, NV, SC, SD, VA.