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Here's something new to talk about. The new Educational IRA, who is able to contribute? Is the limit $500/yr per child or $500/yr per contibutor? That is to say, can we (the parents) contribute $500 and the grandparents also contribute another $500 and...?
$500/yr, even for 18 years isn't going to pay for much. Granted is something and it's tax exempt and it can be transferred to another family member.
What are the thoughts on this vehicle.

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