Questions tagged [children]
The children tag has no usage guidance.
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If I defer the 2021 child tax credit can I base it on my 2021 income?
The 2021 child tax credit includes payments that the IRS will send from July to December of 2021. The payment is based on the 2020 filing. However I get the impression that it is really based on the ...
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Does having several kids really mean I don't pay any federal taxes?
My wife and I are foster parents, and long story short we are planning to adopt three kids this year. In anticipation of this I went ahead and considered the kids as dependents for 2021 and updated my ...
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Should filers hold off on filing taxes for Biden's $3000 tax credit?
According to various sources, such as this article, Biden has plans to increase the Child Tax Credit to $3000. As I'm aware, this is part of Biden's stimulus plan, which is still being negotiated. ...
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An investment product for "5 grand for your new niece in 20 years..." situations [closed]
Say your favorite friend or relative has a new child, or perhaps a toddler.
You want to give/invest a lump sum $5000 to the youth in question .... so it will only be available in say 20 or 25 years.
...
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4
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Child account investment options (EU)
So, having two little ones, I decided to set up investment accounts for them.
The idea is that these would be focused on long term buy&hold (mostly dividend growth stocks).
Since I live in Austria/...
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How much expenditure for children [closed]
I've been reading about 4% rule and about saving well and so on. My current savings rate is decent I think. However, we do plan on having a kid in the near future. I am not really sure what our ...
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Are there countries where children are forced to inherit their parents' debts?
Are there any countries in the world where the debts of the deceased must be inherited by the deceased's heirs?
In the UK and USA, it seems to be well understood that if the deceased's estate is ...
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Can one 'pay' their son so he can contribute to his Roth IRA? [duplicate]
I'm a college student doing some part time work (for my school), and my dad very generously said that he would match my contributions to my Roth IRA if I maxed it out - ie. I pay in 3000 and he pays ...
2
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1
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How much should we have/save before having a child? Baby planning a couple years out [closed]
Edit: Additional helpful information.
Location: USA: Oregon
Lifestyle: Middle-class and content that way. I have biologist job, so I'll never be 'rich' and "millions" is certainly an exaggeration.
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What’s the best method to save money on behalf of a baby?
What’s the best method to save money for a baby?
Assume I can afford to save a small sum ($25-$75) every month. What’s the best investment vehicle? I would hope to amass a significant sum by the ...
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529 vs IRA for kids education and future scholarship
I have young kids going in preschool. I have already started investing in 529. However, many of my friends mention that if I invest single penny in 529 plan for my kids, they will miss out on any ...
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How can I help a 17 year old track and pay me back a personal loan?
I’m selling my 17 year old cousin my car. He wants to make regular payments on it, every two weeks or so. Instead of taking cash, issuing receipts, and tracking this on paper somewhere, I’d like to ...
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529 (college saving) account for multiple kids
I have a 529 account for my 3-year-old. We just discovered we're expecting another baby. Is it better to open a new 529 for the new baby or just keep contributing to one and then split it later on?
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How to give money to a 10 year old niece on joint business venture?
My niece and I came up with a good idea that I think will make some money. I want to compensate her accordingly for what she has done.
I don't want to give her the money now, and I don't want to put ...
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How to monitor for identity theft of minor child
It's important to monitor your own credit for signs of identity theft and for errors, because recovery can be time consuming and expensive. What steps should parents take to monitor their minor ...
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