<prompt> Human: I am fortunate enough to be in a job that will give me a solid government pension when I retire. I also bought my house before my locations real estate boom, and my house is worth four times what I paid for it, and given my location, thats unlikely to go down. I enjoy my work and Im not looking for early retirement; when I do, however, I will be in good financial shape.My children have private sector jobs they love, but in expensive locations and while they are doing well professionally, are not yet bringing in good money. I dont want to just give them monthly sum; I would like to help them set up some type of retirement accounts. Their businesses dont have any provision for doing this.So, I would like to help them set up and contribute to IRAs for them, with the goal of them matching my monthly contributions. However, when I did some investigating, I ran into the following issues: only the ultimate beneficiary appear to be able to set up an IRA, and my local bank said that there is no way that I can make regular contributions to it. Does anyone know how this can be done? Ideally, I would like to set up regular automated contributions to the IRAs every month, and encourage my children to do the same. They know about this plan and are on board with it; we just cant figure out how to do it. Please dont criticize the plan. I would appreciate anything you could post to help us achieve it.  <response>: Just give them the money and they can put itin their IRA 