@AdviserCounsel The trick is to teach the kid not to be a jackass. I realize that’s not always possible but where else are you putting the money? Utma has the same issue (but I can get trump account to Roth). If the kid is a jackass is he really using the 529 money to go to school?
@Tyler_Menzer@lymanstoneky@TheDangerman061 nobody has brought up the fact you can just wait to convert to Roth IRA until the kid isn’t a dependent anymore at 22-23… If the kid graduates in May, only 1/2yr of income. I hadn’t thought about this changing the math on whether the kid should claim themselves, nice thought.
@taxpreptech If you convert to Roth IRA when kid turns 18 (or after kiddie tax is relevant) I really like the trump account for jump starting retirement savings. I plan on utilizing both 529 and trump account for my kids.
Ok here’s one that is more my actual favorite bands/artists
Shinedown
Eric Clapton
John Mayer/dead & co
Tedeschi Trucks Band
The Rolling Stones
The Eagles
Buddy Guy
Rush
Portugal. the Man
Billy Strings
Introduce yourself with 10 bands/artists you’ve seen live.
Joe Bonamassa
Breaking Benjamin
Whiskey Myers
Chris Stapleton
Def Leppard
Young the Giant
The Chainsmokers
Slipknot
Marilyn Manson
Nelly
Introduce yourself with 10 bands/artists you’ve seen live.
Joe Bonamassa
Breaking Benjamin
Whiskey Myers
Chris Stapleton
Def Leppard
Young the Giant
The Chainsmokers
Slipknot
Marilyn Manson
Nelly
Introduce Yourself with 10 bands you seen live.
Keith Whitley
Prince
Metallica
Jerry Lee Lewis
Van Halen
Gregg Allman
Mary J. Blige
Sturgill Simpson
The Cure
Turnpike Troubadours
@CoachYakich Extra sides, I think you’re pushing it… agreed on your meal needing to include a few sides though. You’re making me pay for French fries with my wings/burger? You’re making me pay for a baked potato/apparatus with my $80 steak? Fuck off.
@GerryFordWIN@MarketPalmer_ Convert to Roth when they’re 18 for little tax. I thought the same when they first came out but this seems like a great planning opportunity.
@adammarkowitzEA@JosephOnions I guess I’ll take your word for it. The phase outs are exactly half for MFS as MFJ so not sure how you’d get extra doing MFS.
@TKopelman I’m liking the new trump accounts as well, then converting to Roth IRA when they’re 18 and pay very little tax. Great tax free jump start for their retirement! I think I will be splitting my contributions for my kids between the 2 accounts when I have them.
@dollarsanddata We have our pay checks go 50% in our joint accounts and separate accounts instead. All entertainment/personal spending from separate accounts.