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More on Kids' IRAs
Motley Fool Link to more items from this source
Feb. 29, 2000
Link to article published by Motley Fool 2/28/2000. "I would not want to be the one that suggests a parent can "pay" their kid to make their bed and walk the dog and then deposit that money or an amount equal to it into a Roth IRA and avoid all taxes on the account. Certainly there is no question that a child with a paper route or baby-sitting money qualifies for a Roth IRA, and household chores might qualify, too, but when you get into gray areas, people don't always pay close attention to the details."

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