There’s Still Time To Fund A Roth IRA For Your Underemployed Millennial
Rosen Associates has over 700 dental practices in its client base. The Roth IRA for kids is part of their standard repertoire with the added wrinkle of, when appropriate, finding things that youngsters can do around the office. The idea works not just for twenty-somethings but even for tweens. I found this story by Natali Morris who pays her three year old and five year old for doing things like putting stamps on mailers and shredding. That might be getting a little carried away. Also I would explore potential impact on financial aid, before doing this for kids not yet through college.
The Devil And Lois Lerner
When people asked me about applying for exempt status for fairly modest organizations I generally advised that I thought that the game might not be worth the candle. Looking at how simple Form 1023-EZ has made things, I’m rethinking that. For a long time, I have believed that the dose of credibility that organizations get from having 501(c)(3) status was largely unfounded. The new process means that it should confer no credibility at all. If someone implies that their 501(c)(3) status is somehow a seal of approval, you need to put your bs detector on high alert. A storm is coming.
Follow Me
Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.