Having a Child will Affect you Financially
Bil Lako, CFP® and Jennifer Thomas, CFP®, highlight some of the financial aspects to having a child.
Tax Advantages to Employing Your Children
Employing your children in your sole proprietorship or partnership can provide significant tax advantages, including exemptions from FICA and FUTA taxes, the opportunity to shelter income through their standard deduction, and the potential for long-term financial growth through contributions to a Roth IRA.
Opening an IRA for a Child
C.P.A. Kathy Moore-Nietrzeba joins “Money Talks” to answer a listener’s question about establishing an IRA for his child.
Q&A Time: Listeners’ Questions on Preparing a Minor for a Custodial Account, Social Security Tax and Consumer Sentiment
The Henssler Financial research analysts tackle listeners’ questions on custodial accounts, the FICA tax and consumer sentiment.
Gifting Stocks to Children
Gifting shares of a company children are familiar with can be a good way to teach them about investing.
The Spousal IRA Rule
If you are a stay-at-home parent, you may be able to contribute to an IRA based on the combined compensation of you and your spouse.
Mistakes Young Families Make and How to Avoid Them
Bil Lako, CFP®, and Dr. Gene Henssler offer financial tips to young families.
Talking to Your Child about College Expectations
Ready to have the college talk with your high school senior? Learn how to talk about cost, grades and courses of study in this Financial Tip.
Financial Mistakes Young Couples Make
The "Money Talks" hosts highlight some of the financial mistakes young couples make as they embark on married life.”
Hire Your Child, Make Him a Millionaire
The "Money Talks" hosts discuss what $5,000 invested now could grow to in 50 years.