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Recent News

6/10/2010: Raising Child Costs $222K, College Not Included: The cost of raising a child is rising. And expectant parents better get ready for some serious sticker shock - $222,360 worth.

6/10/2010: CSU trustees to may raise student fees 10%: California State University trustees have raised fees 8 times in 10 years. Now they are prepared to raise fees again on June 18 by 5 or 10%

6/8/2010: 4 Things to Know About 529 Plan Withdrawals: Withdrawals are not necessarily tax free, even in years with heavy college costs.

5/25/2010: Public colleges, universities grapple with tuition hikes: Last year, published prices for tuition and fees increased an average of 6.5%, to $7,020, the College Board says.

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What Others Are Saying

IRAs for Kids?: Not only will modest contributions add up to significant savings...but it's also a way to teach your child an invaluable lesson - one he or she isn't likely to learn in school. - Smart Money

IRAs for Kids: It will only take a few seconds for you to realize how powerful this can be for your child's investing and financial future. - Motley Fool

Start your kids on the Roth road: ...a Roth IRA offers the greatest opportunity for growth because the money grows tax-free. Kids don't need the deferred taxes feature of a traditional IRA because they're probably not paying taxes. - Bankrate.com

Why Your Kids Need a Roth IRA: Looking for the perfect gift for your children? Open a Roth for them, and start them on the road to retirement security. - Kiplinger

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External References

Smart MoneyIRAs for Kids?
"Not only will modest contributions add up to significant savings...but it's also a way to teach your child an invaluable lesson - one he or she isn't likely to learn in school." -Smart Money
KiplingerWhy Your Kids Need a Roth IRA
"Looking for the perfect gift for your children? Open a Roth for them, and start them on the road to retirement security." -Kiplinger
Bankrate.comStart your kids on the Roth road
"When it comes to retirement funds, a Roth IRA offers the greatest opportunity for growth because the money grows tax-free. Kids don't need the deferred taxes feature of a traditional IRA because they're probably not paying taxes." -Bankrate.com
Fairmark.comA beautiful idea
"Tax-free compounding of earnings inside an IRA is a beautiful idea — and a powerful one. The longer you can keep your money invested in a tax-free vehicle, the greater your wealth accumulation. What better way to accumulate a large amount of savings than to start during childhood? When tax-free compounding has more than 50 years to run its course, a relatively modest savings plan can produce substantial wealth." -Fairmark.com
Fool.comIRAs for Kids
"It will only take a few seconds for you to realize how powerful this can be for your child's investing and financial future." -Fool.com
Fool.comInvesting for Your Kids
"As a practical matter, you're probably going to want to choose the Roth IRA rather than the traditional IRA for your child. Both the Roth and traditional IRAs are primarly retirement vehicles. However, the Roth is more flexible: you can withdraw any contributions (as opposed to earnings) for any reason, without tax or penalty." -Fool.com
My Money BlogInvestment Gift Idea For Children: A Roth IRA?
"A few very forward-thinking readers have asked me about ways to help their kids or other young folks by giving them a Roth IRA. This seems like an awesome idea to grab them some tax-sheltered action." -My Money Blog
USA TodayWorking teens can open Roth IRA
"But if Roths make sense for adults, they make even better sense for kids...Your child can withdraw the amount of contributions at any time without paying taxes or penalties." -USA Today
Military MoneyHelp Your Children Reach Financial Independence
"Roth IRAs for working children are an immensely powerful wealth-building tool and an excellent way to teach kids about money and investing." -Military Money