* Money will be tied up for long time with a stiff tax penalty for early withdraw on earnings…except withdraw for qualified expenses for education, first home purchase, and hardship withdraw.
* This would probably mess up financial aid, but it’s a moot point for those of us that weren’t going to quality for this anyway.
* Your kid needs to earn an income to be able to contribute to a Roth. What you can contribute is limited to what they earn that year or $5500, whichever is lower.
* I don’t know what the tax implications would be if your kid unexpectedly passes away early (hope that doesn’t happen)