Roth IRA for DD

[srblanco7]

Playing the waiting game now. 3 acceptances, 7 pending, and 1 aid/scholarship package offered thus far - from a private school, and it aligns almost exactly...

[srblanco7]

The rationale being that the letter was addressed to me, and as such the response should come from me. I had not executed any form of agreement to allow...

[srblanco7]

As a DIY investor, I generally stick with index funds rather than actively managed funds. The longer your investment horizon, the more likely an index...

[srblanco7]

First - it's great that you're in a position to consider helping them out. Second - it's good that they haven't asked nor do they seem to have an expectation...

[srblanco7]

It's a challenge each year to find gifts (goods) for our family - exacerbated by DW's birthday being very close to Christmas. As others have noted this...

[srblanco7]

This is our first child going to college, but my understanding is that the schools also look at FAFSA information in determining how much they may offer...

[srblanco7]

That's a proud parenting moment!...

[srblanco7]

Thanks Kork. Our thinking is similar - we love the idea of giving her a head start and also getting her thinking about her future after she graduates....

[srblanco7]

Thanks for the thoughtful response. I believe that money in qualified retirement accounts (regardless of parent or student) is not required to be reported...

[srblanco7]

DD is now gainfully employed on a part time basis (says the excited parent). I'd expect her to earn about $5k in 2020 before she starts college. Our...

[srblanco7]

2019 was a banner year: we paid off our house, purchased a lightly used 2018 GMC for the wife, and received the proceeds from the sale of a business that...

[srblanco7]

We've been using the same accountant for about 15 years. We trust him and his work and paid $275 last year for tax prep. Of note, about 10 years ago,...