[WSSix]

John you may want to sit down with an accountant for something like this. I'm not sure about the Roth but that may be the case with him having no income. The reason I say sit down with an accountant is because you mentioned the 529. If your goal is to save for college, it's a potential source for such a goal. However, there are tax implications involving the 529. Your state may give you a tax break for investing in a 529. Or, it may be better to invest in another state's 529. I know Utah has or had one of the best 529 plans in the country for a while.

The other issue in general is you're doing this for someone else. It could get tricky and you'd want to make sure it's shielded as best as possible now and for when he comes of age. There's also the issue of what happens to it should something happens to you, death or a law suit even. Maybe I'm going overboard but I think putting money away for someone else is not easy to do correctly. Too many what if's.

Good luck