<< I'd like to do the education IRA for my two sons (ages 3 yrs and 9 mos.). The Fool has an example where Grandpa gives a child a $500 gift and then the child puts the money in the education IRA himself. This intrigues me. >>There's no need for a "middle child." Education IRA contributions can be made directly by the person with the money, assuming he meets the income limitations. See IRS Publication 590, available at http://www.irs.gov for a discussion.The $500 annual limit on contributions is per beneficiary, not per donor.Phil MartiTax Preparer
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