noppenbd is correct. You can only contribute to a Roth if you have earned income.
I'm curious about investing for kids, too. My daughter will have her Bat Mitzvah in September and gifts will probably total a few thousand dollars. We're trying to figure out what to do with that money.
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Steve
* Why should I pay for my daughter's education when she already knows everything?
* There are no shortcuts to anywhere worth going.
* The world is a book and those who don't travel read only one page.
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