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Best finance hack for middleclassmos: fund Roth IRA for kid age 8-18
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Date: September 21st, 2025 11:52 AM Author: abusive bawdyhouse personal credit line Even if they never fund it after 18 it will be several million by the time they retire
Funds have to come from kids income but shouldn’t be too hard to figure out |
Date: September 21st, 2025 2:08 PM Author: abusive bawdyhouse personal credit line Who here is doing this (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289316) |
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Date: September 21st, 2025 2:09 PM Author: Lascivious menage sup? (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289319) |
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Date: September 21st, 2025 2:10 PM Author: abusive bawdyhouse personal credit line 180. What are you listing for their job? (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289321) |
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Date: September 21st, 2025 2:12 PM Author: Insecure soul-stirring persian house cleaner (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289325) |
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Date: September 21st, 2025 2:12 PM Author: Galvanic parlour Do they need earned income to make Roth contributions? (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289326) |
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Date: September 21st, 2025 2:43 PM Author: Boyish Blue Lodge Brethren yes
https://www.fidelity.com/retirement-ira/roth-ira-kids |
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Date: September 21st, 2025 2:55 PM Author: abusive bawdyhouse personal credit line Yea. You hire them for a family business. Easy to do if you have an LLC for basically anything. Or one popular thing is kids selling stuff at county fairs through the 4H program or submitting prize animals. Or just like babysitting or cutting lawns.
But they don’t even need a W2. |
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Date: September 21st, 2025 3:28 PM Author: ivory electric quadroon then u are paying them earning income which means u are paying FICA incl employer share so like 15-16% so wtf is the point oft he IRA, paying the FICA negates most of the tax benefits of IRA (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289496) |
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Date: September 21st, 2025 3:32 PM Author: Curious pearly gunner lol I forget u were actually a lawyer (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289509) |
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Date: September 21st, 2025 3:14 PM Author: Self-centered mother (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289462) |
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Date: September 21st, 2025 3:24 PM Author: Walnut rebellious institution becky They will just cash it out at 18 to sports bet and buy pokemen. (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289487) |
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Date: September 21st, 2025 3:26 PM Author: concupiscible effete indirect expression Child should be informed of the account at college graduation (http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2)#49289491) |