recent ga came across article. brief overview is. 1 - for you child , start paying some salary for their chores not exceeding $2100 per annum. They can contribute all that amount to their Roth IRA and no need to worry about FICA and medicare taxes for them. 2- for kids, you can match additional amount equal to how much they earned, parent and grand parent as gift matching.  so total 6K varaku. 3- this ROTH IRA they can withdraw for their college expenses without penalty. 4- f