Investment Options for Coogan Accounts
Your kids are working. Their money should be, too.
The state of California recognizes that just having Coogan money sitting around in a basic share savings account may not yield desirable rates of return. Coogan Law allows for low-risk investing of Coogan funds prior to the child turning 18 and families of young performers need to realize there are investment options that may offer higher returns than a basic Share Savings account.
The Financial Services Group at SAG-AFTRA FCU can help parents and young performers direct Coogan funds and other monies into qualified secure investments that potentially provide much higher yields. Call us today for a free consultation to learn more.
The LPL Financial Registered Representatives associated with this site may only discuss and/or transact securities business with residents of the following states: CA, CT, FL, IL, MO, NJ, NV, NY, OR, PA.
Investment securities products are offered through LPL Financial, an independent broker/dealer, member FINRA/SIPC. Investment securities products are not deposits of, obligations of, or guaranteed by SAG-AFTRA Federal Credit Union and are not insured or guaranteed by the NCUA or any other government agency. Investment Securities Products involve investment risks, including the possible loss of principal. Financial Services Group consultants are employees of SAG-AFTRA Federal Credit Union and are licensed/registered representatives with LPL Financial. SAG-AFTRA Federal Credit Union and LPL Financial are not affiliated and are two separate entities. David Gabai, CA insurance license 0820139, and Christine Stern, CA insurance license 0C27085.