Assuming he has earned income. Does he have access to a 401K, 403b, etc., and does it provide a match? If so, that should be his choice rather than the Roth, since the match is free money.myrrh wrote:You told him to do this in a Roth IRA, not a taxable account, right?
Not sure what you mean by "+$6,500 annually". Once you are retired you will no longer have earned income, so you will not be able to contribute more to your Roth (or any other IRA).tt122209 wrote:Roth Vanguard Total Intl Stock Market Admiral - $120,000 + $6,500 annually
JupiterJones wrote:Mindfulness Meditation.
Anyway, the costs of children vary for each family. In our case, we sacrifice 6% of our annual income for the kids.