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re: Roth IRA for Children
Posted on 8/22/20 at 10:31 am to evil cockroach
Posted on 8/22/20 at 10:31 am to evil cockroach
100% yes you can. And the chances of you or your children running afoul of the IRS on a $6000 tax return is ridiculously minuscule. The fact you're considering this tells me you probably already have an idea of the answer but find any calculator and see what $6000/yr invested for 59 years grows to at whatever rate of return you think is safe.
Bankrate.com calculator
Bankrate.com calculator
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