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Subject:  Re: Openning IRA for children? Date:  2/9/2004  11:57 PM
Author:  dougdoogle Number:  39084 of 102472

>>>Recently became a dad with my second child (who is now 5 months) and as my first child (28 months) received lots of money and bonds as gifts.<<<

>>>Is it possible for me to open an IRA (Roth is what I thinking) for each of them under their names? <<<

An alternative to earned income qualify your kids for IRA's is the spousal IRA. Your kids could get married to people with earned income (neighbor's kids, distant cousins...) and thereby be qualified for an IRA.

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