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Thanks for the reply. Two more questions:

They sound fairly young, so I would tend to agree with the Roth IRA. Current tax bracket vs. retirement tax bracket may change the answer.

30 and 35 years old. 15% tax bracket. If they pay any at all.

The grandparents are eligible to make a contribution to the grandchildren's IRA if the grandparents fall within the income limits.

What are the income limits for this contribution?
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