Can I purchase a mutual fund or IRA for my neice as a graduation present and if so how?

She can have an IRA only to the extent that she had income. I suggest you call any of the major fund families...Fidelity, T Rowe Price, Vanguard, etc.

Yes, you can contribute to one for her. My mother-in-law contributes to a fund for my wife and I every year instead of giving xmas and bday gifts.

She needs an account with someone like a Fidelity or Morgan Stanley etc.. Not sure if you can open the account for her, unless she is a minor (under 18).

You make a deposit into her account (write a check to the account number).

You could always call a financial planner and ask them...my boyfriend is one.

You would have to ask the brokerage house how to open an IRA account for a minor or if its even possible. If you can get the IRA account opened for her in her name, then you can fund it and buy what ever you wish.

Open a brokerage account at Zecco.

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