530(A): 5k a year up for next 18 years, for 5 million in Roth for kids 60 years from now? What am I missing?

If you've got excess money to invest that you don't need for 18 years and you ultimately want to give that money to your children, then... Don't we need to give 530(A)s more credit than they're currently getting if the plan is to convert to kid's Roth IRA? Isn't this correct: Contribute 5k (post tax) a year from now until child is 18 At age 18, that's about 90k in investment and 60k in returns, so about 150k Then one of two things happen: either (A) you wait until 25 to avoid kiddie tax otherw

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