No Tax Benefit to Gifting Capital Losses
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Gifting depreciated stock is more complex and never to anyone’s advantage.

More People Eligible for ABLE Accounts in 2026 (Secure 2.0)
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This amendment raises the ABLE account age to 46 starting in 2026.

Q&A: Do I Need a Contract to Employ My Child?
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Employment contracts have their origins in very old master-servant laws. With no employment contract, you can better protect your child’s freedom and childhood.

How the Kiddie Tax is Calculated
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Some investable assets in the name of the child can currently keep $2,300 of unearned income from the tax rate of the parents.

Funding a 5-Year-Old’s Roth IRA
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We continued to hire her for several of the same tasks as last year, but also added a few new ones.

Can a Grandparent Employ Their Grandchild?
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While navigating the rules may be trickier, your child can still enjoy easy domestic employment even when someone else is the employer.

Q&A: What One-Fund Could a Twenty-Something Invest In?
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Any of these ETFs or mutual funds seem like they could be a good one-fund pick for the long haul.

Setting Your Children Up for Financial Success (Podcast)
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On the podcast, I share my experiences from my own parenting and how we can set ourselves and our children up for financial success.

Q&A: Amount Paid in Non-Cash?
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I would recommend that you strive to pay your children $0 in non-cash compensation. Let them purchase their own rewards.

How to Use a Roth IRA for a Minor Child (Megan Russell on Financial Planning for Entrepreneurs Podcast)
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On Friday, May 14, 2021, Megan Russell was interviewed by Michael Morton of Financial Planning for Entrepreneurs podcast.

New Parent Financial Checklist
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To help you get a good financial start as parents, here’s a financial checklist for new parents.

New Child Tax Credit for 2021 Only
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The 2021 tax credit is worth $3,600 for children under age 6 and $3,000 for those under age 18. These rules apply to tax year 2021 only.

ABLE Accounts: Tax-Advantaged Savings for People with Disabilities
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ABLE accounts offer people with disabilities a new opportunity to save and invest for the future.

How to Foster Your Child’s Inner Entrepreneur
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An entrepreneur is valued for innovation. To innovate almost always requires failure first.

Funding a 4-Year-Old’s Roth IRA
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My favorite part of my daughter’s Roth IRA is that she has earned it all. I have seen her work hard, learn valuable lessons, and truly earn her wage.

How to Help Your Children Purchase a Home
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Here are some options for helping your child purchase their first home.

Q&A: How Much K-12 Tuition Can I Reimburse from 529 Plan?
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By flowing money through a 529 account, a Virginia tax payer could receive a $575 discount on their private school tuition.

Roth IRAs, 529 Plans, and Financial Freedom (Megan Russell on FamVestor Podcast)
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On Monday, October 26, 2020, Megan Russell was interviewed by Sunny Burns and Sunmarie Burns of the FamVestor podcast.

Before the Estate Tax Exclusion Sunsets in 2026
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Individuals with more than $5M may be served well from gifting to utilize the higher estate exclusions before they sunset.

How to Transfer 529 Funds From One Family Member To Another
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You can transfer up or across the family tree. However, if you want to transfer down a family tree, you can run into taxation problems.

Do Children Need To File A Tax Return To Fund Their Roth IRA? (2020)
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Don’t let stress about tax filing requirements keep you or your child from a powerful opportunity to provide for their future.

Q&A: Do I Need to File Schedule H for My Child’s Wages?
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I do not need to file Schedule H and imagine that most parent household employers also do not need to file this schedule.

Funding a 3-Year-Old’s Roth IRA
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My daughter was employed at her first job, earned her first income, and was able to fund her Roth IRA for the first time.

How to Fund Your Roth with Babysitting Money
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For domestic tasks like babysitting there are often two options: independent contractor or household employee. Taking the time to educate yourself on the difference may be worth your while.

Children Will Listen (Financial Lessons from Into the Woods)
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Your child may be in the thick of feeling out a boundary line by testing all your limits, but it pays off to be patient and trust that they will learn and they will listen.

Fund Your Child’s Roth with Chore Income
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There are many opportunities to pay your children. If that payment can be counted as earned income, then the child is eligible to fund their Roth IRA.

Practical Advice on Hiring Your Children
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Here’s some advice from one daughter employee to a would-be parent employer.

David John Marotta’s Early Money Memories
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Much can be learned from your earliest money memories. Here are some of mine.

How to Make a Gift of Appreciated Stock Feel Personal
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With a bit of planning, you can make the practical gift very personal.

No One Will Loan You Money For Retirement
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If you have to choose between your retirement or your children’s college savings, choose your retirement.

Q&A: My Baby was Gifted Cash. What Should I Do with It?
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As the parent, it can be hard to know what to do with a cash gift for a baby.

Generational Financial Planning Within The Kiddie Tax Limits
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Families that consider generational financial planning techniques can reduce the burden of taxes on the family as a whole.

Roth IRAs Make Great Estate Planning Tools
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Taking the smallest distribution each year will ensure the beneficiary achieves the maximum tax-free growth of tax-free income.

Do Children Need To File A Tax Return To Fund Their Roth IRA?
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The IRS does not require dependents whose gross income is only earned income to file a tax return if the amount is less than a certain amount.

Ten Principles for Teaching Children about Money
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Here are ten principles for teaching children about money.

Family Budgeting
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If a budget isn’t a team effort, one member of the family will hold the purse strings and everyone else will be resentful.

Gifts, Taxes, and IRS Form 709
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Most people are unaware that giving a gift can be a taxable event because they themselves have not yet experienced the tax.

How To Instill Good Financial Habits In Your Children
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Give your children experience spending their own money.

Gifting Appreciated Stock To Family Members
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For children with lower incomes, there is an opportunity to give them appreciated stock to shift the capital gains to a lower tax bracket.

What is the Kiddie Tax?
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The kiddie tax was first added to the tax code in 1986 for children under age 14. Now, it can burden them until they are 23.

Trust Protections from Creditors and Spendthrift Beneficiaries
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The beauty of trusts is that they are very flexible, and an estate lawyer can help you craft a document that will follow your wishes and give you peace of mind.

Financial Christmas Gift Ideas
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Financial Christmas gifts don’t need to be a piggy bank. They can be more serious and more meaningful than that.

How to Open a Roth for Your Child
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Someone has to be proactive about your child’s retirement and every year you don’t open a retirement account is another year you’re holding back compound interest.

One Income: The Fiscal Challenges for Stay-At-Home Moms and Dads
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Financial planning means supporting the goals of stay-at-home parents to be with their children.

Fund a Teenager’s Million-Dollar Retirement
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We teach teenagers a lot more about sexuality than we do about money. This can confuse them about what they should be learning. Give this article to a teenager and encourage him or her to start a Roth IRA.

How To Avoid Drowning in College Debt
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Debt burdens are relative. For example, a $58k college debt will feel doable to a doctor making $100k+ per year and overwhelming to a lower wage employee. A degree should not cost more than your future earning power will sustain.

George Marotta Featured in Reuters Article by Linda Stern
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The 85-year-old Palo Alto patriarch has turned helping his 10 grandchildren into a hobby that has paid off for multiple generations.

Rich Dad, Planning Daughter
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My money has value because I have values my money helps me achieve. In this season of New Year’s resolutions and old year evaluations, treat your imagination with the question: What’s the money for?

Economic Lessons from Farmville
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To interest me, a game must have a simple but thought-provoking premise that allows for deep strategy. I’d never played Farmville but decided to recently because the parent company, Zynga, is going public this Thursday, December 15, 2011.

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