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Subject:  Roth IRA Date:  12/16/1998  2:57 PM
Author:  ajagger Number:  7263 of 127753

My daughter is 15 and by the end of 1998 will have earned $2200 or so from her part-time job. Since this amount is below the minimum taxable income, she will not incur any tax liability for her earnings. She will not pay taxes now and would not pay taxes upon withdrawal at retirement. Seems too good to be true. Does she qualify for a Roth IRA or am I missing something?

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