St. Lawrence Seaway definition, a series of channels, locks, and canals between Montreal and the mouth of Lake Ontario, a distance of 182 miles (293 km), enabling most deep-draft vessels to travel from the Atlantic Ocean, up the St. Lawrence River, to all the Great Lakes ports: developed jointly by the U.S. and Canada. See more.
A uniform transfer to minors account, or UTMA, is a way that grandparents can put money away for their grandchildren. Sometimes called custodial accounts, UTMA accounts generally stay under the control of an adult custodian until the child reaches the age of majority.
1 For regular IRAs, you lose the ability to make contributions in the year you turn age 70Â½. 2  Not so for Roth IRAs. 3  If you meet the other requirements, you can set up a brand new Roth IRA at age 85 and begin saving for your âretirement.â Thereâs also no lower age limit. 4  A minor can set up a Roth IRA and contribute to it.or each year you contribute to a Roth IRA, you (or your spouse, if you file jointly) must have compensation or alimony income. If you donât have compensation or alimony income you canât contribute, even if you have other types of income.