Jill On Money: Lightning Round Q&A

To help get through my ever-bulging inbox, I plan to devote a few summer columns to lightning round questions and answers. If you need more in-depth information, send an email to: [email protected] Here goes!

Jill Schlesinger

Q: We have two grandchildren who will be starting college next year and we would like to get them on the right track with investing. Can we open Roth IRAs if they don’t have earned income?

A: Without earned income, you can’t fund a Roth IRA. Instead, how about opening a custodial account and teaching them how the investment world works? It may be gratifying for them to learn the basics from their

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