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Author: serotonin Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75642  
Subject: Starting IRA for a parent? Date: 9/24/2000 7:00 PM
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Hello Motley Fools,

My mum has charged me with the task of setting up an IRA on her behalf. She plans to send the contributions in my general direction, and let me pick the asset mix. I've got a handle on the Foolish Four, and I found at least two discount brokerages that don't require a minimum to open an IRA. (This site's pretty cool, isn't it?)

What maneuvers do I need to do to act as my mother's proxy, from a tax standpoint? The idea is for her to get the statement from the brokerage that she needs in order to do her taxes.

I gotta get this thing up and running soon--she's only got 15 years till retirement.

Thanks in advance, and Fool On.
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