Roth IRA for adult kids?

Parent Cafe
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<p>You should talk to an accountant, financial advisor and have your particular situation professionally assesed.</p>

<p>Bear in mind that if your kids are young adults right now, giving them any kind of accessibility to funds may not be a good idea. There often is a period of temporary (hopefully just temporary) insanity that young people undergo, that can be very costly. If there is money for the taking, it can disappear in some crazy ways during those years. I’ve known many a hurt parent who has undergone things like that. That’s a reason why trusts are in existance.</p>

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<p>One other thing to keep in the back of your mind–kiddos MAY marry and sadly divorce. Courts consider all assets of both parties, including Roth IRAs. If you keep assets in your ne, you can gift at the time and manner of your choice.</p>