Toggle navigation
Toggle navigation
Home
DCUM Forums
Nanny Forums
Events
About DCUM
Advertising
Search
Recent Topics
Hottest Topics
FAQs and Guidelines
Privacy Policy
Your current identity is: Anonymous
Login
Preview
Subject:
Forum Index
»
Adult Children
Reply to "How much financial help are you really giving your adult children?"
Subject:
Emoticons
More smilies
Text Color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Violet
White
Black
Font:
Very Small
Small
Normal
Big
Giant
Close Marks
[quote=Anonymous][quote=Anonymous][quote=Anonymous]How are you alll funding ROTHs for your children. Isn’t that illegal?[/quote] You can gift anyone $19K/year, so can your spouse. That's $38K/year. The kid can use it however they want---we gift it to our kids with the intention they use it to fund their ROTH Iras (and once they have a 401K, to fund that as well). However, they can only fund the IRA up to the point they also have earned income (and then obviously not over $7K). [/quote] You can give anyone any amount, it’s just that over $19k you have to count it toward your lifetime exemption, which is currently about $14m. [/quote]
Options
Disable HTML in this message
Disable BB Code in this message
Disable smilies in this message
Review message
Search
Recent Topics
Hottest Topics
