I don’t think we have a general thread for kid money stuff. Here it is!
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Just learned about these accounts and I have a seed-money eligible baby! Maybe you do too
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Some more info here that was helpful for me – it looks like contributions are after-tax but growth is tax-free, and the account converts to an IRA at 18. Basically seems like it’s a way to set up an IRA for a child without a requirement for the kid having earned income?
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Also, your employer can contribute to them, so if anyone here is in a position to give feedback to their work benefits person, it’s an avenue to consider.
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