If you read personal-finance blogs on your office computer monitor, then your Tuesday productivity might plummet to new lows.
Personal-finance blogger, CFP, and military veteran Jeff Rose is starting a "Roth IRA Movement" to call attention to the account. Around here that's preaching to the choir, but Jeff has enlisted over 135 other PF bloggers to tout the same theme on Tuesday. He even has a press release (Press Release - Certified Financial Planner Creates Movement to Encourage Roth IRA Savings) and a number of periodicals plan to follow the progress.
The Twitter hashtag for the day is #RothIRAMovement . Bankrate is hosting a Tweetchat that day at 3 PM EST with hashtag #dlrchat .
It started three weeks ago when Jeff was giving a financial seminar to a bunch of college seniors. He asked them who knew what a Roth IRA was. Not a single hand went up.
I'm joining the blogger crowd with a bonus Tuesday post, but I'm not going to try to compete with these rock stars. I think that my niche is establishing a Roth IRA for your kid. I'm starting with a "Kiplinger's Retirement Planning" article faxed to me by Bob Clyatt all the way back in 2005, and adding a couple other articles I collected around then. I'll add some info on child employment from IRS Circular E (Pub 15) and the details on reporting the child's earned income. Then I'll conclude with a short phone survey of the major fund companies, reporting who will (and who will NOT) custody the Roth IRA of a minor. Some surprising results there.
Our daughter started her Roth IRA in 2007 and then quickly learned about bear-market investing. OTOH she made out like a bandit in 2008 & 2009. These days she's still managed to keep up the contributions at college, between her campus tour job and her Kumon part-time job here on Oahu. By the time she graduates to a "real" job (and adds contributions to the military's Thrift Savings Plan) she'll have a solid foundation.
I'm hoping to add 135 backlinks to my blog on Tuesday. Wonder what that'll do to Google's page-rank algorithm, to say nothing of the hit stats...
What lessons learned would you blog about starting a kid's Roth IRA?
Personal-finance blogger, CFP, and military veteran Jeff Rose is starting a "Roth IRA Movement" to call attention to the account. Around here that's preaching to the choir, but Jeff has enlisted over 135 other PF bloggers to tout the same theme on Tuesday. He even has a press release (Press Release - Certified Financial Planner Creates Movement to Encourage Roth IRA Savings) and a number of periodicals plan to follow the progress.
The Twitter hashtag for the day is #RothIRAMovement . Bankrate is hosting a Tweetchat that day at 3 PM EST with hashtag #dlrchat .
It started three weeks ago when Jeff was giving a financial seminar to a bunch of college seniors. He asked them who knew what a Roth IRA was. Not a single hand went up.
I'm joining the blogger crowd with a bonus Tuesday post, but I'm not going to try to compete with these rock stars. I think that my niche is establishing a Roth IRA for your kid. I'm starting with a "Kiplinger's Retirement Planning" article faxed to me by Bob Clyatt all the way back in 2005, and adding a couple other articles I collected around then. I'll add some info on child employment from IRS Circular E (Pub 15) and the details on reporting the child's earned income. Then I'll conclude with a short phone survey of the major fund companies, reporting who will (and who will NOT) custody the Roth IRA of a minor. Some surprising results there.
Our daughter started her Roth IRA in 2007 and then quickly learned about bear-market investing. OTOH she made out like a bandit in 2008 & 2009. These days she's still managed to keep up the contributions at college, between her campus tour job and her Kumon part-time job here on Oahu. By the time she graduates to a "real" job (and adds contributions to the military's Thrift Savings Plan) she'll have a solid foundation.
I'm hoping to add 135 backlinks to my blog on Tuesday. Wonder what that'll do to Google's page-rank algorithm, to say nothing of the hit stats...
What lessons learned would you blog about starting a kid's Roth IRA?