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Re: drrc1949 post# 58160

Thursday, 08/17/2017 12:44:18 PM

Thursday, August 17, 2017 12:44:18 PM

Post# of 140464
Correct, and always check with your CPA on any tax related questions. If you have older children who work, then you can "help" them open up a Roth. You would receive zero benefit, but you can help them realize the value to investing at a young age and how compound interest works. Pretty fun to learn how to make money with your money. I was fortunate to learn this at a young age, which many folks never learn this and will have to work their entire lives. Or live off my hard earned tax dollars! But I digress...