<prompt> Human: Hi,SO and I just had a baby and we keep getting for the little one, but have everything we need for them. We were thinking of taking that 2,000 and starting a Roth IRA. Is this too little of an amount to start a roth IRA? We dont want the money just lying around in a savings account doing nothing for 18 years.We keep hearing to start a college 529 plan, but we both work at a college that currently will pay for their tuition costs whether they attend the college we work at, or another college. Tuition at another college is only reimbursed up to the amount it costs to attend our college. We dont think this reimbursement policy will change, but ALOT can happen in 18 years.Thoughts?Thanks!  <response>: Im pretty sure your newborn doesnt have any earned income. So no, you cant start an IRA for them.If you dont want a 529, normal taxable account. 