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Subject:  Re: IRAs for under 18 Date:  6/3/1998  1:27 PM
Author:  KATinChicagoland Number:  3562 of 78166

<<I have recently read about a neat way to increase my (future) childrens' wealth: start an IRA for them BEFORE age 18. In order to do this, they have to work to earn a certain amount of income per year... doing yardwork, house work, etc. Does anybody know any other specifics about how this works?>>

I've responded to this question several other places and now plan to post a page on this subject on my web site. To the best of my knowledge the idea, or at least the popularity of the idea, originated in an article published in the April issue of Mutual Funds Magazine. This is a respectable publication, but they were out ove