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Author: zaxis One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 76394  
Subject: Education IRA info? Date: 8/4/1999 9:01 PM
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Is there a page on the Fool that discusses the Education IRA in detail? I tried a search using "education&ira" and came up with zilch.

I am thinking of setting one up for my soon-to-be nephew (hopefully tonight). I am looking for specific info like: If I set it up, can it later be transferred into his parents' names (as custodians)? Can someone else contribute to the account (e.g. if I should someday exceed the income maximum)? I've heard that one way to avoid the income max is to give the money as a gift to the child and then set up the ira in their name so they are technically contributing to their account? Can you make a contribution the year the child turns 18? Or do they have to be under 18 the entire year to contribute?

Thanks.

-zaxis
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