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To: Douglas W. DeVries who wrote (73650)	6/11/2000 9:47:00 AM
From: Max Fletcher	Respond to of 152472

<OT> - Agree about setting up a ROTH for kids...I read in one of the financial rags that they don't even have to have W2-reportable wages, ie babysitting, mowing, lemonade-stand income counts. I haven't confirmed this with an "official source" (accountant or IRS). Setting up a ROTH for a child is a great gift. Max

To: Douglas W. DeVries who wrote (73650)	6/11/2000 2:04:00 PM
From: Robert Rose	Read Replies (2) \| Respond to of 152472

<The really smart thing to do is to set up Roth IRA's for children/students who are earning the required wages. It's a great way to make a gift to a kid who has 40+ years of tax - free compounding to take advantage of, assuming that Uncle Sam doesn't take it away. Lesson learned: Do it while you can. You can also use the money to pay college bills, but I would only use it as a last resort.> Douglas, this is a really intriguing post. Please explain further. If I can't contribute to my child's Roth IRA, how is that a great gift? tia, Rob