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Greetings fellow Fools,

As this is my first post in this section, please turn off all flamethrowers in case this is in the wrong area. I will also post this question in the Paying For College section because I am not sure where this goes.

My question is this: How young can a child be before establishing an Education IRA for him/her?

I'm thinking the answer might be something like 'You can you open it the year of birth', and thus I will have an 18 year horizon before needing to withdraw from it?

What would be the best answer would be 'You can open it as soon as the mother is pregnant, regardless of calendar year', which would mean that I can open an IRA this year for my child, even though he/she will be born next year.

I'm just looking forward to utilizing as much of the magic of compounding as possible.

Many thanks for your kind replies.
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