Dan the budget man
Region: US
Monday 29 June 2026 22:37:08 GMT
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Collected Calm | Home & Travel :
Can you open two 529 plans for the same child in the same state?
2026-06-30 01:10:49
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ibethebot :
Why not just invest more into the first Ira so you can roll it over when done with education
2026-06-30 01:56:48
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Andrew Fuery :
Or if you are a business owner: you can put your kids on payroll, pay them $7500 per year (or up to $16,100) they don’t have to file a tax return and it’s a tax deduction for you the business owner. Then take this “income” that they don’t have to pay tax on. One stipulation is they have to perform a function for your company like be on marketing materials. You can’t pay them for doing nothing but that way they have income and you can contribute that to their custodial Roth!
2026-06-30 02:18:42
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