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Thanks for the links. That made it pretty clear.

I was just talking to my daughter last weekend about something similar. She is turning 18 next week and has some income from being a swim instructor and lifeguard.

As I am a RE investor and I can find discounted notes that will pay her 10% simple interest, paid monthly I can definitely help grow the funds so that after a few years in a Roth IRA I can take the principle back (side agreement with her as I will be loaning her the money and she will be making the contribution to the Roth). She will be set for the future and only needs to stick with the program. it will be her call to do that.

I figure that I can get her started and then she makes the decisions as to which direction to pursue.

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