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Financial Planning / Tax Strategies


Subject:  Re: Educational IRA Date:  11/27/1997  3:04 PM
Author:  rebelray Number:  753 of 124773

That is correct that "Little Sally" can only have $500
per year deposited to her Educational IRA but as an
incentive to my grandchildren (and their parents) to
continue to contribute regularly, I am offering to add,
to my grandchildren's Educational IRAs', a percentage
(say 10% per year per grandchild) for each dollar they
deposit. This will automatically give each child a 10%
gain on their yearly deposits.


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