Financial Gurus Unite!

[Phanatic]

So your matching his $500 to invest? Cool Dad!

[Butchers Bill]

Go to e-trade and open a roth.  They have no annual fees on their IRA's and you can pick from a bunch of mutual funds.

[Susquehanna Birder]

http://www.bankrate.com/brm/itax/tips/20010328a.asp

However, you can't put more money than you make in any IRA. So if your income is only $1,500, then $1,500 is the most you can contribute to a Roth.

Speaking of income, you must earn money to open any IRA. That means your only income can't be from unearned sources, such as investments. You must get paid wages, a salary, tips, professional fees or bonuses.

Just gift the kid as much as you want (up to the $10,000 limit), and put it into a tax-free muni fund.

Alternately, set up something like a Giftrust account. Yeah, it won't big as big a help at retirement time, but it might help with college, and neither one of you will have to worry about taxability, at least during the life of the fund, because they handle all the tax forms and such.

[hbionic]

I can't decide whether this is money laundering or tax evasion or both.

It's a legal loophole anyone that is an independent contractor should have. You'd be amazed at what you actually pay  compared to those without one. It's insane. 

[Diomedes]

I don't have any financial advise for you money lover, but I will say this...whatever children I'm guilty of forcing this world upon aren't going to enjoy daddy slaving into his sixties to pay for private schools and fancy colleges.

18 and out the farging door...go live your life I know you didn't ask for it but neither did anyone else you ungrateful shteinhead.

Call your mother.

[PoopyfaceMcGee]

I don't have any financial advise for you money lover, but I will say this...whatever children I'm guilty of forcing this world upon aren't going to enjoy daddy slaving into his sixties to pay for private schools and fancy colleges.

18 and out the farging door...go live your life I know you didn't ask for it but neither did anyone else you ungrateful shteinhead.

Call your mother.

It sounds like Diomedette is trying to talk you into procreating.  Good luck with that.

[SD_Eagle5]

Potential FOTY candidate

[Wingspan]

I don't have any financial advise for you money lover, but I will say this...whatever children I'm guilty of forcing this world upon aren't going to enjoy daddy slaving into his sixties to pay for private schools and fancy colleges.

18 and out the farging door...go live your life I know you didn't ask for it but neither did anyone else you ungrateful shteinhead.

Call your mother.

Sell out

[PoopyfaceMcGee]

Potential FOTY candidate

Fetus of the Year?

[SD_Eagle5]

Pretty soon Judas will be synonomous with Andy

[Diomedes]

It sounds like Diomedette is trying to talk you into procreating.  Good luck with that.

Oh, it's gonna happen.

It was pretty clear.  Either marry the woman and give her children, or cut her loose. 

Frankly, that's a small price to pay for her cooking alone, nevermind I happen to like the bitch, and like making her happy.

So yeah, I'm a sell out. 

I now shop at Wal Mart, attend a Mega Church, vote Republican, and parade around town in my gas guzzling landscaping truck with Nationalist U.S.A. stickers on it.

[PoopyfaceMcGee]

I now shop at Wal Mart, attend a Mega Church, vote Republican, and parade around town in my gas guzzling landscaping truck with Nationalist U.S.A. stickers on it.

Ha!

[Diomedes]

File under awesome customer service:  Fidelity investment monster bank giant thing.

my (only, meagre) IRA is with them.  I'm buying a house soon, doing some financial crap, and dealing with Fidelity a few times in the last couple days I feel compelled to tell someone that they have been nothing less than fantastic.  Smart, helpful, courteous, and not overly scripted.  It's like I'm talking to human beings when I contact customer service, whether it's through the telephone or the online chat.

A+++++++Would invest againQ!

[PoopyfaceMcGee]

I have always received impeccable service from them also.

[Diomedes]

I have no idea if their financial services are as stellar as their customer service...I just assume that since they've got the customer service section of the business down cold, they're probably pretty good at the other shtein too.