The Kid's Roth IRA Handbook, Securing Tax-Free Wealth from a Child's First Paycheck

by Tracy Foote

This book is to be used as a starting point for children and parents. The focus is on the unmarried dependent child (with no dependents of their own) who has a yearly income that ranges from $1.00 to the amount of the single standard deduction allowed by the IRS. Most children fall within this income range. This book can also provide limited guidance for children with higher income, introducing them to basic topics. Major Topics
1) Money Appreciate the benefits of a Roth IRA
2) Career Identify different types of child employment
3) New Discover different ways parents can employ their children
4) Special Learn how parents can issue Forms W-2 for their child
5) Introduction to Basic tax concepts for children with low earned income
6) Powerful Understand rules for children to contribute to a Roth IRA.

196 pages, Paperback

First published January 1, 2008

Reviews

[Birdie]

I sure wish I could get my boys to read this. I wish I'd read it when I was a teenager or in my twenties.