A thread on all-in-one Vanguard funds started touching on this but I thought it made sense to start a new thread dedicated to this.
How do you document children's income for the purposes of establishing a Roth? I know WCI pays them as models and can document that from the small business. But lawn mowing was mentioned as the source of the income. Are folks establishing a formal small business to take in the income and then open the Roth?
How do you document children's income for the purposes of establishing a Roth? I know WCI pays them as models and can document that from the small business. But lawn mowing was mentioned as the source of the income. Are folks establishing a formal small business to take in the income and then open the Roth?
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