FW: RE: IRA's for your kids!!!

From: "Jackson, Anthony D." <JacksAD1@central.ssd.jhuapl.edu>
Subject: FW: RE: IRA's for your kids!!!
Date: Thu, 04 Jun 1998 12:12:59 -0400

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 Christy,
 You can only do the IRA up to the amount of income that the kids have
 earned up to a max. of $2000.00.  Thus if they don't have any earned
 income then the IRA option is a No-Go.
 
 Also a tax geek, engineer's opinion
 
 "TJ"
> -------------------------------------------------------------------------- 
> 
> Date: Fri, 29 May 1998 18:20:03 -0700
> From: Christy Rohrig <christy@netwiz.net>
> Subject: IRA's for your kids!!!
> 
>     My understanding is that, since you can gift $10k to any one person
> each year, there is no reason that you can not gift your kids $2000 to
> open their IRA's.  



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