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.
You are also subject to the income phase-outs that come with contributions to a Roth IRA. Required minimum withdrawals for Traditional IRAs start at age 70 1/2, and you have to be age 59 1/2 to begin taking non-qualified distributions penalty-free from your Roth.Make sure you understand IRA rules before opening this type of account for your spouse.equired minimum withdrawals for Traditional IRAs start at age 70 1/2, and you have to be age 59 1/2 to begin taking non-qualified distributions penalty-free from your Roth. Make sure you understand IRA rules before opening this type of account for your spouse.