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re: Kindergartners and Bank Accounts
Posted on 3/12/13 at 9:45 pm to Bayou Tiger
Posted on 3/12/13 at 9:45 pm to Bayou Tiger
Roth account is an option for work that he can do.
Tax free and he would be way ahead by 18 than most by 68.
Sad but true.
Tax free and he would be way ahead by 18 than most by 68.
Sad but true.
1
Posted on 3/12/13 at 10:04 pm to LSU9102
quote:
Roth account is an option for work that he can do.
Tax free and he would be way ahead by 18 than most by 68.
Sad but true.
You have to be careful about this if the child is younger than the minimum age to hold a job. I don't think chores and things of that nature count. It is a grey area for Roth funding.
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