Qualcomm Incorporated (QCOM) Message Board

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Technology Stocks : Qualcomm Incorporated (QCOM)

QCOM 168.09

+1.8%

Nov 28 9:30 AM EST

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To: Robert Rose who wrote (73658)	6/11/2000 4:06:00 PM
From: Lipko	Read Replies (1) of 152472

Robert - there are at least two ways to help this along: 1) if they have earned income on which they can contribute to a Roth IRA, you could match the income (consistant with gift tax annual exclusion limits - currently $10,000 per year per donee) by funding the kid's IRA; or 2) you could employ the kid and pay a market wage for the work and then make a matching gift (same limits) to fund the IRA. With current IRA limits of $2,000, this should not be a problem. If they kid had taxes due, you could gift that amount as well (within same limits). Consider then investing aggressively, and you can get incredible compounding over many years. A Republican administration with a Republican Congress could produce more taxpayer friendly legislation. Consider carefully your votes in November. Best, John.

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