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Personal Investments • Kids Roth IRA Funds Advice

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Sp500 or VT maybe a percentage in a very focused etf such as SMH or QQQ. Let it ride.

Roth IRAs have a threshold of earned income. That doesn't mean a CPA with benefits.

Kid walks neighbors dog, baby sits, painting, audio/visual set up, washing neighbor car for pay, all qualifies. But check with your CPA.

Household chores do not qualify.

$399 or under require no documents. But you should keep some record. $400 or above you may need to file some type of return. Verify with a tax professional.

Statistics: Posted by Dunningedangkruger — Thu Oct 17, 2024 11:37 pm — Replies 22 — Views 2406



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