Had a discussion with a friend about finances. Their kid is going to have some 1099 income this fiscal year. I think around $1k total. The kid already has a pretty well funded 529, and also has a small UTMA for savings
Thoughts on creating a Roth IRA for the 9 year old since they have income?
Or would you just dump it into the UTMA
Thoughts on creating a Roth IRA for the 9 year old since they have income?
Or would you just dump it into the UTMA
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