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Reply to "Rent for newly graduated child"
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[quote=Anonymous]Charging her rent and then giving it back is a whole lot of nothing. Why doesn't she already have an investment account on her own that she manages or Roth IRA if she has worked? Roth has a maximum and she is wasting it away if she doesn't max it out every year. Also, she is not learning anything if she is not picking her stocks on her own. Are you trying to teacher her that she needs to pay rent when she does move out? A 3-year old knows this. My 18-year old is already on his own. He will do his own taxes to get earned income credit and savers credit after contributing to Roth IRA. She needs to be investing the money, not just saving. Everyone in my MA program was working. If she won't get paid a lot for the fellowship, why can't she work night and weekends already now.[/quote]
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