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Strategies & Market Trends : Roth IRA ideas -- Ignore unavailable to you. Want to Upgrade?

To: mod who wrote (92)4/5/1998 12:11:00 PM
From: weblight  Respond to of 388
 
Can one pay his/her child $2000.00 per year for chores around the house and then the child decides to invest in a ROTH IRA ? Since the money is paid for chores, would this meet the "earned income" requirement ?

Is this a way to get a youngster started on the road to wealth ?

What types of child labor laws would apply here if any ?



To: mod who wrote (92)4/8/1998 7:47:00 AM
From: vegetarian  Read Replies (2) | Respond to of 388
 
Would like to hear opinion on which brokerages may be good for opening a rollover IRA account.
I am mainly interested in trading commissions they charge, promptness with handling paperwork, stability of the brokerage house, flexibility in the types of trades allowed, margin allowed etc.
Will appreciate hearing people's experiences and suggestion on things to look for and any pointers to existing discussion on the net.
Many thanks in advance.


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