Reply to Influencers who share their kids on social media

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[quote=Anonymous][quote=Anonymous]It's for vanity and validation but also people are convinced that it's the way to build generational wealth.  I follow financial accounts and it's a very common piece of advice to "put your kid on your payroll" and make them little models or something, then cut them a check for whatever the Roth cutoff is that year, open and fund a Roth, and watch it compound until infinity.  The idea is "rich people are already doing this, you're behind" and insta-lebrities are certainly trying to get rich so I could see them thinking this is not only ethically fine (publicizing their kids), but actually beneficial and in their best long-term interests because they'll be ready to retire at 35 or something.[/quote]

I want to do that thing with the Roth with my kid but not by turning her into an Instagram influencer. I just figured I'll hire her as my assistant and pay her the max Roth contribution and thus get her retirement savings started a decade early so she gets a jump.

You do not need to turn your kid into a public person to help them financially.[/quote]

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