Roth IRA for Children
Hello –
Can someone hire their children and contribute to their Roth IRA as long as they have taxable income for the IRA contribution (up to $5,000 max contribution) for each every child (e.g. $25,000 total for five children)?
Thanks –
KM
Permalink Submitted by Alan Spross on Fri, 2011-10-07 22:22
Here are some additional considerations:
http://fairmark.com/rothira/minors.htm