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After a correct analysis, NaggingFool writes:

Sorry guys. It looks like the Feds are on to us. You can only establish an education IRA for a beneficiary UNDER age 18. So the next generation may be able to exploit this loophole, but we can't.

I reply:

<humble high-pitched voice>Oh! That's very diff-er-ent. Never mind!</humble high-pitched voice>

Thanks for the catch. --Bob

Wow! Bob78164 finally got one wrong and I can finally get out of the penalty box. Roy's chance to exact revenge with the wet noodle.

BTW who else thinks we need some more tax simplification legislation? ;^)

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