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Subject:  Re: IRAs for under 18 Date:  6/4/1998  12:15 PM
Author:  Helter Number:  3572 of 78166

Pixy said: <<Get the kid a REAL job and then establish the IRA.>>

My response: Keep the kid off the books as long as possible, send him out mowing lawns, shoveling snow, cleaning out basements, babysitting, whatever. Encourage the child to save - and lookee, a 15% tax savings - no income tax paid. Also, once taxes are taken into account(and in many cases even without considering taxes) th