Questions tagged [children]
The children tag has no usage guidance.
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In Quebec, what kind of financial assistance might be available to an unemployed single mother with kids?
My husband will be separating from me in a couple of months. I am unemployed and have two kids both under the age of 6. Is there a single mother's compensation? Especially in my situation where I am ...
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Ways to save for child's college education where one need not commit to set contributions? [duplicate]
I'm looking for a good way to save for college for my daughter. As a parent of a single income home, I am looking for a way to maximize my savings to reach my goals, but without having to go with a ...
Ryan Marino
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Choosing a vehicle to invest a kid's money on their behalf (college, etc.)?
This is a variation on Strategies for putting away money for a child's future (college, etc.)?
My question regards money gifted to a kid (by a family member in this case). What should I ...
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Teaching school kids about money - what are the real life examples of math, budgeting, finance?
Yesterday when renting a car I was listening on the radio to a discussion about introducing classes about money for kids aged 11-14. Here is an article on that topic: Financial education to become ...
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Qualifying income for Roth IRA for a child?
I'm thinking about my still-toddler boy, and trying to figure out how to help him get an income which would allow him to start contributing to a Roth IRA. I am aware that the value of such an IRA ...
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For Tax Purposes, What Does "Provide at Least Half the Cost" Mean?
If I am separated (no legal decree) from my husband for just over two years and have been unable to work due to caring for children and illness.
I get ~$3700/month from him labeled as "Separation ...
11
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1
answer
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How to create a college savings account for a kid without his mom being able to tap into it?
I am divorced with 2 kids. My mom wants to setup a college savings account of some type for my older kid. Last time she did this, she used my kid's SSN and deposited some money. I do not know what ...
- 3,817
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What specific quality of life factors need to be addressed when creating a special needs trust?
We are in the process of creating a special needs trust for my daughter. One of the many things we need to think about are the quality of life factors as she gets older and of course as we get older. ...
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Hiring a teenager as a household employee
What am I required to do if I hire a 14-year-old for household work? Any generic information is welcome, but I'm in New York State.
Here are some things that come to mind:
Do I need to have the ...
- 432
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What kind of account should we open for a young child who was given some money?
My son, who is 7 months old, inherited a little bit of money (in the range of $10K - $20K). What's the best type of account that we should open for him? The money wasn't given as "college" money, so ...
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How should minor children be listed as IRA beneficiaries?
I've heard conflicting information on how minor children should be listed as beneficiaries of an IRA. (And perhaps for life insurance.) This is where there is a testamentary trust to provide for the ...
- 10k
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1
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Long term investing on behalf of newborn
I have some gifts from friends and family for my newborn daughter. I would like to invest these but I don't know what is the best way. 529 plans spring to mind but I don't know what the educational ...
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What to consider when starting a savings account for my children?
I want to start saving some money regularly for when my children turn 18.
What options are available to me and what are some things I need to consider when choosing the right approach?
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Can I start a 529 plan for a child before the child is born?
A recent question got me wondering about this one: Conventional wisdom says "It's never too early to start saving for your kid's college education." But a 529 plan is taken out for a specific person. ...
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Strategies for putting away money for a child's future (college, etc.)?
So my wife and I will be having our first child at the end of the year, and I'm trying to devise a strategy for things like putting money away for the little person now, while I have the time and ...
- 30.4k