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Originally Posted by wutamess
Is there a ticker? My daughter just gave me her $200 bday money to throw at something for her. would like to take a chance at that
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Your best best would be to start a Roth IRA for your child if they are of "age" to have some earned income. Here's the lose definition of earned income from the IRS.
It’s up to you (or the child) to document that she had income earned from work. The money can’t be an allowance or a gift. (You can find more about the IRS’s definition here). It’s up to the account custodian to document the service rendered, when it was done, and the payment. It also has to be a reasonable rate. You can’t pay $1,000 for a night of babysitting.
http://www.rothira.com/roth-iras-for-kids