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Best finance hack for middleclassmos: fund Roth IRA for kid age 8-18

Even if they never fund it after 18 it will be several milli...
preventive strike
  09/21/25
Who here is doing this
preventive strike
  09/21/25
sup?
;::;:;;::;;;;;::::
  09/21/25
180. What are you listing for their job?
preventive strike
  09/21/25
house cleaner
i gave my cousin head
  09/21/25
Do they need earned income to make Roth contributions?
Chris Benoit did nothing wrong
  09/21/25
yes https://www.fidelity.com/retirement-ira/roth-ira-kids
Darnell
  09/21/25
Yea. You hire them for a family business. Easy to do if you ...
preventive strike
  09/21/25


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Date: September 21st, 2025 11:52 AM
Author: preventive strike

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

(http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2#49288846)



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Date: September 21st, 2025 2:08 PM
Author: preventive strike

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: ;::;:;;::;;;;;::::

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: preventive strike

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: i gave my cousin head

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: Chris Benoit did nothing wrong

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: Darnell

yes

https://www.fidelity.com/retirement-ira/roth-ira-kids

(http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2#49289397)



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Date: September 21st, 2025 2:55 PM
Author: preventive strike

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.

(http://www.autoadmit.com/thread.php?thread_id=5778307&forum_id=2#49289426)