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|Subject: Re: 16 Year old and an IRA||Date: 10/21/2000 11:00 AM|
|Author: rjm1||Number: 25628 of 72254|
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
This is a very good idea.
I know it can be done from post at the fool. Vanguard Mutual fund maybe one place to look. Try all the large mutual funds on the net. It can be done.
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