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|Subject: 16 Year old and an IRA||Date: 10/20/2000 9:16 PM|
|Author: caisprices||Number: 25623 of 77871|
I have looked a little but have not found a place for a 16 year to open an IRA.
She worked this summer and I want to help her with getting started (like up to her earned income) in an IRA.
In other words I will give her a gift of $600 and she will decide to put the $600 she earned into an IRA.
My broker says they can't have a minor as the owner of an equity account.
Any suggestions / ideas welcome
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