The Kid's Roth IRA Handbook, Securing Tax-Free Wealth from a Child's First Paycheck

Tracy Foote

ISBN 10: 0970822693 / ISBN 13: 9780970822697

Published by Tracytrends Publishing, 2008

About this Item

Seller Inventory # LU-9780970822697

Bibliographic Details

• Title: The Kid's Roth IRA Handbook, Securing Tax-Free Wealth from a Child's First Paycheck
• Publisher: Tracytrends Publishing
• Publication Date: 2008
• Language: English
• ISBN 10: 0970822693
• ISBN 13: 9780970822697
• Binding: Paperback
• Condition: New
• Dimensions: 15.24W x 1.14H x 22.86D centimeters 15.24 centimeters width by 1.14 centimeters height by 22.86 centimeters depth
• Weight: 295 grams

About this title

Synopsis

This book is to be used as a starting point for children and parents. The focus is on the unmarried dependent child (with no dependents of their own) who has a yearly income that ranges from $1.00 to the amount of the single standard deduction allowed by the IRS. Most children fall within this income range. This book can also provide limited guidance for children with higher income, introducing them to basic topics. Major Topics include:
1) Money Management: Appreciate the benefits of a Roth IRA
2) Career Skills: Identify different types of child employment
3) New Ideas: Discover different ways parents can employ their children
4) Special Details: Learn how parents can issue Forms W-2 for their child
5) Introduction to Taxes: Basic tax concepts for children with low earned income
6) Powerful Knowledge: Understand rules for children to contribute to a Roth IRA.

About the Author

Tracy Foote has an accounting and finance background in the US Air Force. Today she is both an author and a self-employed parent. She specializes in helping children qualify for earned income to invest in a Roth IRA. She wrote this book to consolidate and share information to assist other employed children and their parents.