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Subject:  16 Year old and an IRA Date:  10/20/2000  9:16 PM
Author:  caisprices Number:  25623 of 88495

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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