<div dir="ltr"><div class="gmail_default" style="font-family:times new roman,serif"><font size="6">what i was thinking is if it mattered whether they were a minor or not.<br><br></font></div><div class="gmail_default" style="font-family:times new roman,serif;font-size:small"><font size="6">also, if the sep-ira limits would be the same for them, too?</font><br></div></div><div class="gmail_extra"><br><div class="gmail_quote">On Thu, Mar 26, 2015 at 2:38 PM, John Creahan <span dir="ltr"><<a href="mailto:john@cairn-law.com" target="_blank">john@cairn-law.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<p class="MsoNormal" style="margin-bottom:6.0pt"><span style="color:#595959">If someone does not have any earned income, he or she cannot use pre-tax dollars to fund an IRA (except for certain
non-working spouses), so I don’t see how a company cannot establish an IRA for an employee’s child. If the child is also an employee, she could, of course, participate if she met the eligibility requirements.
<u></u><u></u></span></p>
<p class="MsoNormal" style="margin-bottom:6.0pt"><span style="color:#595959">I suppose some business owners might “hire” their kids and fund the child’s IRA with salary, but the SEP rules limit
the benefits of this approach. <u></u><u></u></span></p>
<p class="MsoNormal" style="margin-bottom:6.0pt"><span style="color:#595959">A child who earns wages – even working part time – is eligible to set up a traditional or Roth IRA, which, in most
cases, would be funded by parents.<u></u><u></u></span></p>
<p class="MsoNormal" style="margin-bottom:6.0pt"><span style="color:#595959">I don’t know if this answers your question, but feel free to follow up.<u></u><u></u></span></p>
<p class="MsoNormal" style="margin-bottom:6.0pt"><span style="color:#595959">John<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#595959"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="color:#595959"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Tw Cen MT",sans-serif;color:#595959">John Creahan</span><span style="font-family:"Tw Cen MT",sans-serif;color:#595959"><br>
<a href="mailto:john@cairn-law.com" target="_blank"><span style="color:#595959">john@cairn-law.com</span></a><u></u><u></u></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-family:"Tw Cen MT",sans-serif;color:#595959">1325 4<sup>th</sup> Ave., Suite 940<br>
Seattle, WA 98101<br>
206-621-5848<br>
<a href="http://www.cairn-law.com/" target="_blank"><span style="color:#595959">www.cairn-law.com</span></a></span><span style="font-family:"Tw Cen MT",sans-serif;color:#4f6228"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri",sans-serif;color:#39471d"><img src="cid:image001.png@01D067D2.93CC3090" alt="cid:image001.png@01CE636C.3EB992D0" height="60" border="0" width="161"></span><span style="color:#595959"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#595959"><u></u> <u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif">From:</span></b><span style="font-size:11.0pt;font-family:"Calibri",sans-serif"> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>
[mailto:<a href="mailto:wsbapt-bounces@lists.wsbarppt.com" target="_blank">wsbapt-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Victor R<br>
<b>Sent:</b> Thursday, March 26, 2015 2:09 PM<br>
<b>To:</b> <a href="mailto:wsbapt@lists.wsbarppt.com" target="_blank">wsbapt@lists.wsbarppt.com</a><br>
<b>Subject:</b> [WSBAPT] SEP-IRA for kids? Pre-Tax?<u></u><u></u></span></p><div><div class="h5">
<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><span style="font-size:24.0pt">Members:</span><u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><span style="font-size:24.0pt">Any of you ever hear of this type of investment vehicles for employees for their kids?</span><u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><span style="font-size:24.0pt">... or even something similar?</span><u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal"><br clear="all">
<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
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<p class="MsoNormal">-- <u></u><u></u></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Georgia",serif;color:#3333ff"> <u></u><u></u></span></b></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:11.0pt;font-family:"Georgia",serif">Victor Ro, Esq.<br>
THE RO FIRM, P.S.C.<br>
A Professional Services Corporation<br>
5400 Carillon Point<br>
Bldg. 5000, 4th Floor<br>
Kirkland, WA 98033<br>
Tel: (206) 319-7072<br>
Fax: (206) 319-4470</span><u></u><u></u></p>
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<div>
<p class="MsoNormal"><span style="font-size:7.5pt;font-family:"Courier New"">This communication is CONFIDENTIAL - ATTORNEY WORK PRODUCT - PRIVILEGED. You are responsible for any damages arising in any way from its use. Do not construe this correspondence
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<a href="http://mailman.fsr.com/mailman/listinfo/wsbapt" target="_blank">http://mailman.fsr.com/mailman/listinfo/wsbapt</a><br></blockquote></div><br><br clear="all"><br>-- <br><div class="gmail_signature"><div dir="ltr"><div><span style="font-family:georgia,serif"><span style="font-size:11pt;color:rgb(51,51,255)"><b><div><b style="font-size:11pt"> </b><br></div></b></span></span><div><span style="font-size:11pt;font-family:georgia,serif">Victor Ro, Esq.</span><span style="font-size:11pt;font-family:georgia,serif"><br>THE RO FIRM, P.S.C.<br>A Professional Services Corporation<br>5400 Carillon Point<br>Bldg. 5000, 4th Floor<br>Kirkland, WA 98033<br>Tel: (206) 319-7072<br>Fax: (206) 319-4470<br><br></span></div></div><div><span style="font-size:11pt;font-family:georgia,serif">
<font style="font-family:courier new,monospace" size="1">This communication is CONFIDENTIAL - ATTORNEY WORK PRODUCT - PRIVILEGED.
You are responsible for any damages arising in any way from its use. Do
not construe this correspondence or contents, thereof, as legal advice or as an
engagement between an attorney and client. If you received this
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files. NOTICE and PROHIBITION: Do not copy, transmit, retransmit,
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