Did you know that you can contribute up to $6,000 for 2021, but not more than the child’s 2021 earnings, to a Roth IRA for him or her?  It’s a great way to start a savings account for them and all earnings grow tax-free. The pay-in counts toward your $15,000-per-donee gift tax exclusion. Any distributions after age 59.5 are nontaxable and contributions can be pulled out free of tax at any time.  And $10,000 of earning can be taken out taxfree to buy a first house.  Please get in touch for more information.