No. of Recommendations: 0
Greetings, CJHutch, and welcome. You asked:

<<So could I set up 2 separate EIRA's for a single child, and contribute the max of $500 to each, for a total of $1000 per year?>>

No, you cannot. The EIRA contributions for the same child from all sources in one year cannot exceed $500. You could in the same year contribute $250 to two EIRA for the same child, though. That's assuming you could find a custodian willing to take that little because it's tough enough finding those that will take the $500.

Print the post  


The Retirement Investing Board
This is the board for all discussions related to Investing for and during retirement. To keep the board relevant and Foolish to everyone, please avoid making any posts pertaining to political partisanship. Fool on and Retire on!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.