Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Tax, SDIRAs & Cost Segregation
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago, 04/15/2023

User Stats

125
Posts
124
Votes
Dominick Johnson
  • Rental Property Investor
  • St. Louis, MO
124
Votes |
125
Posts

How do you invest for your children?

Dominick Johnson
  • Rental Property Investor
  • St. Louis, MO
Posted

1. What is your method of investing/saving for your children?

2. At what age can I open a Roth IRA and pay my kids an income? My financial advisor says we need to wait until they are 6 yo to not get audited. Every source I read and watch says to start when they are born. They are young now, so we would pay them for modeling for marketing pictures for my wife's business as a realtor. When they are old enough I will pay them to help with work on our rental properties. Appreciate the feedback!

Loading replies...