Author Topic: Investment account for Minors  (Read 784 times)

Offline Mordyk

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Investment account for Minors
« on: October 10, 2018, 02:17:02 PM »
Whats the best place for my children to invest their hard earned money ;). We are talking about a few hundred dollars to start with. And any tax issues that come with it?
#TYH

Offline 12HRS

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Re: Investment account for Minors
« Reply #1 on: October 10, 2018, 03:07:13 PM »
Whats the best place for my children to invest their hard earned money ;). We are talking about a few hundred dollars to start with. And any tax issues that come with it?

If they really earned it get it into a roth ira.

Offline mmgfarb

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Re: Investment account for Minors
« Reply #2 on: October 10, 2018, 03:45:01 PM »
If they really earned it get it into a roth ira.
$1k now is gonna be a nice amount in 50 years.
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Offline gingyguy

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Re: Investment account for Minors
« Reply #3 on: October 10, 2018, 03:49:24 PM »
And any tax issues that come with it?
taxable. no issues. :)
if total amount earned is less than about $950 (changes year to year) in any given year it does  not need to filed
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