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[[I am expecting to open an account for my 16 month old in the next few days to coincide with
Fool's REAL F4 portfolio. Having read Ann Coleman's article mentioning the Roth IRA, I am
looking for advice on whether I need to, or should open the account as an IRA. Clearly a 16
month old has no income, so I had been thinking that a custodial account would be fine.]]

Well, I have NOT read Ann's article, so I'm at a bit of a loss.

But what I can tell you is that if the child has no earned income, then the child can NOT open any type of IRA account (either Roth or regular). And this is true regardless of if you open the account as a custodial account or not.

If Ann's article says otherwise, I'd have a problem with it. But again, I haven't seen it. So you'll have to help me out on this one.

But again, the earned income rules are crystal clear on this point: No earned IRA (roth or regular). Now you MAY be able to open an Education IRA for your child (remembering that an Ed IRA isn't really an IRA in the true sense of the word). But as far as a regular or Roth IRA: no earned contribution.

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