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To: labestul who wrote (14576)	1/25/2001 2:36:37 PM
From: LemonHead	Read Replies (3) of 18928

Hey Folks, not trying to change the subject but I need a little advise (help) on something else. Last year I started to set up an educational IRA for my son who is eleven now. But when I read the fine print, I tossed that idea out the window. Now it is a year latter and I'm ready to tackle this again. Not having done any further study, here is my thinking. I don't think any of the current IRA plans will serve his best interests from here to the age of 21. So I have concluded that the best option is for me to set up another taxable account in my name and list him as the beneficiary. This way I keep control, pay the taxes and if something should happen to me, then it is passed to him (not sure how that works if he is still a minor). Then when he turns 21, I can transfer the account to him or gift parts as I see fit. Any thoughts or comments? TIA Keith

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