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Opened Roth IRA for son but no earned income.
Opened Roth IRA for son but no earned income. My son turned 18 in January and in May I helped him open a Roth IRA at Vanguard. I connected his savings account to the Roth and, to give him a jump start, I gave him $1k to his savings which he deposited into the Roth. Since then he's deposited $500 from gifts and allowances he's received. From May until now the Roth balance is $1637. He does n...
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