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Can I setup a Roth for a 1yr old child


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Posted

Hello all,

I am new first time father and would like to know if I can setup a Roth IRA for my child?

Posted

Only if your child has EARNED income. HIghly doubtful, unless he/she is doing some modeling or acting.

Barry Picker, CPA/PFS, CFP

New York, NY

www.BPickerCPA.com

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