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DD writes:

>> is the contribution is limited to $500 per year from all sources for the child. <<

Ouch. Is that so ?

I thought it was $500 per year per contributor , and anybody could contribute.

No wonder so few brokers are willing to set these up easily.

It's $500 per child maximum from all sources. And, yes, that's why so few vendors are eager to accept EIRAs. The administrative costs make them uneconomical.

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