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.
Beneficiaries of Inherited IRAs must usually begin taking RMDs in the year following the year of the accountholderâs death (see below). There is an exception for the original accountholder of a ROTH IRA; no RMDs need to be taken from a ROTH IRA during the original accountholderâs lifetime.