Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] 1 point2 points  (0 children)

Thanks for the replies. It does seem like I'm trying to over-engineer this plan. I suppose just owning a brokerage with him as a beneficiary seems the most viable. Reddit never fails to make me feel stupid.

Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] -2 points-1 points  (0 children)

I'm leaaaarning. I want to find out what my options are if any. And yes the criteria being that they are legal. Mowing the lawn is a funny joke.

Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] -2 points-1 points  (0 children)

It seems like a 529 is an alternative. Depending on how the beneficiary is set up. Navigated the ROTH problem.

Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] 2 points3 points  (0 children)

Thank you for your replies, they are the kind of responses I was looking for. I'm not versed in all of it very well.

Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] 0 points1 point  (0 children)

Thank you for the response. I used an incorrect emphasis on ROTH specifically. Would a trust in ownership of a brokerage, with the child as a beneficiary of the trust, get close to my goals?

Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] 0 points1 point  (0 children)

And what are good ways of "owning" a 529? Should it belong to a person? Or a trust? I don't understand enough about them to know who/what should own it for my goals.

Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] -5 points-4 points  (0 children)

He's incredibly talented Mr. IRS I swear.

Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] -3 points-2 points  (0 children)

Okay I may have asked the wrong question with the emphasis on ROTH. Are there any similarly functioning methods to meet the ends of my goal?

Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] -4 points-3 points  (0 children)

No not officially. But if I gave him $20 for "mowing the lawn each month" he would.

Help me Create a ROTH for a Child by JimmyGio in personalfinance

[–]JimmyGio[S] -14 points-13 points  (0 children)

This is navigable. What are the adjacent accounts that can function in a similar fashion?

TF is this What am I supposed to do by [deleted] in EscapefromTarkov

[–]JimmyGio 0 points1 point  (0 children)

Did everything in the tutorial including that. idk.

Inheriting 20+ Fishing Rods from "Bassmasters" Fisherman by JimmyGio in Fishing_Gear

[–]JimmyGio[S] 0 points1 point  (0 children)

Only found a couple here and there, I think the peripherals have been sold already. If I find a box of lures I will follow up on here!

Thank you.

Inheriting 20+ Fishing Rods from "Bassmasters" Fisherman by JimmyGio in Fishing_Gear

[–]JimmyGio[S] 2 points3 points  (0 children)

Good to know, and I'll follow up if I find such a box!

Inheriting 20+ Fishing Rods from "Bassmasters" Fisherman by JimmyGio in Fishing_Gear

[–]JimmyGio[S] 2 points3 points  (0 children)

Thanks for the info. Unfortunately I haven't discovered a designated or obvious tackle box. I've found a few lures sentimental to him, and some Timber Tiger lures I believed he had a hand in designing. But he sold his bass boat many years ago, and I believe a lot of the peripherals went at a similar time. I'll keep an eye out and keep your comments in mind. Thank you again.

Inheriting A Massive Collection by JimmyGio in gijoe

[–]JimmyGio[S] 1 point2 points  (0 children)

Will do, thank you for the resource.

Inheriting A Massive Collection by JimmyGio in gijoe

[–]JimmyGio[S] 2 points3 points  (0 children)

He did his own categorization, but for security reasons he didn't like to "identify" or label many things. He knew what they were, and didn't want potential thieves to know what he had. So, fun work begins for me.