<prompt> Human: Hello all,Has anyone started any type of IRA for their kids. My son is going to turn 2 this year and Ive been saving all of his money that we get for his family from birthdays, Christmas, etc in a Capital One 360 account.I was thinking today if its possible to create a ROTH IRA account for him and transfer that money in there? Has anyone done this? Thoughts? Thank you!  <response>: He needs earned income to make IRA contributions. See if he can get some cute kid gig doing commercials. 