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Questions tagged [children]

The tag has no usage guidance.

6 questions with no upvoted or accepted answers
4 votes
1 answer
336 views

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/...
quetzy's user avatar
  • 226
2 votes
0 answers
63 views

What happens to a custodial brokerage account when child reaches the age of majority?

My children have custodial brokerage accounts in their names. When they reach the age of majority in our state will the account change from a custodial account to a standard brokerage account or will ...
javold's user avatar
  • 21
1 vote
0 answers
67 views

Opting out of advanced child tax credit payments - benefits?

Is there any benefit to opting out of the advance payments on the child tax credit (2021)? As far as I can tell, worst case, is you end up with a bigger tax bill next year and maybe an underpayment ...
wrschneider's user avatar
1 vote
0 answers
81 views

Coverdell ESA Tax Consequence For Corporate Contribution

I have a small business (C corp) and noticed that corporations can contribute to an Coverdell ESA account with no income limit. Can I create an ESA account for a child and fund it 100% from corporate ...
John Stanley's user avatar
0 votes
1 answer
561 views

Sharing my Google Pay account with my 16-year-old

How can I share my Google Pay account with my 16-year-old so they can use it from their phone? I already have Google pay set up on my phone. Thank you! I'd appreciate any help with this!
pythonbeginner's user avatar
0 votes
0 answers
40 views

Post-hoc hardship to avoid early withdrawal penalty (US)

My wife and I took money out of our retirement accounts to pay for emergency repairs to our home in May of 2021. Unfortunately, we were not ordered to relocate or demolish, so it doesn't meet criteria ...
AdamO's user avatar
  • 263