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So I want to set up IRA's for the kids

Posted on: February 29, 2012 at 10:41:05 CT

Mizzou Man MU

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and put a specific amount every couple of weeks out of a payroll deduction. Any recommendations on where I should do this, Edward Jones/Scottrade/Etrade?

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So I want to set up IRA's for the kids - Mizzou Man MU

- 2/29 10:41:05

If you have any financial knowledge at all do it yourself at - SEMOTiger1 MU - 2/29 11:10:06

Just give them credit cards(nm) - recruiter MU - 2/29 11:08:49

i don't want my kids to know they have money coming - Bucknell Bison MU

- 2/29 11:01:12

they would probably get about 20k each - Mizzou Man MU

- 2/29 11:07:34

a kind and thoughtful gift - Bucknell Bison MU

- 2/29 11:10:07

My parents put a roof over my head until I was 18 - Eggs MU - 2/29 11:02:38

You're probably a rarity(nm) - Grasslands MU - 2/29 11:08:39

My parents put a gold plated roof over my head till I was 18 - kmawv8 MU - 2/29 11:06:35

How much can you bench press? - Potomac Tiger MU

- 2/29 11:07:58

35 reps of 225 - Bucknell Bison MU

- 2/29 11:11:01

I don't want to say in front of Eggs - kmawv8 MU - 2/29 11:10:33

Thank you for thinking of me(nm) - Eggs MU - 2/29 11:23:01

i feel the same. My father in law jokes - Bucknell Bison MU

- 2/29 11:05:58

I always knew my parents would be there to take care of - Potomac Tiger MU

- 2/29 11:05:58

Exactly what I think too.(nm) - TXTGR MU - 2/29 11:03:55

Fidelity. It is very easy to do(nm) - Erwin Fletcher MU

- 2/29 10:55:36

why don't you want to establish 529s?(nm) - Hittman MU - 2/29 10:50:01

it's not for their education, it's for their choice - Mizzou Man MU

- 2/29 10:57:32

then you want a mutual fund, not an IRA - Hittman MU - 2/29 11:07:25

How old are they? - tigerdb MU - 2/29 11:02:42

1, 2 and 5 - Mizzou Man MU

- 2/29 11:09:03

Whoa, I bet your house is fun(nm) - tigersknowbest MU - 2/29 11:15:18

it's full of energy, that's for sure(nm) - Mizzou Man MU

- 2/29 11:21:18

Exactly - an account with your name on it as well... - tigerdb MU - 2/29 11:12:12

This... - tigerdb MU - 2/29 10:53:18

Maybe he wants his kids to retire after college - Eggs MU - 2/29 10:54:28

damn you - tigerdb MU - 2/29 10:55:50

I'm not a typical Shacker - Eggs MU - 2/29 10:58:00

right there with you - Mizzou Man MU

- 2/29 11:12:54

Though I'm grateful for all my parents did for me - tigersknowbest MU - 2/29 11:10:28

just a heads up, it doesn't get much better - kmawv8 MU - 2/29 11:12:25

Luckily I went to Missouri Southern. - tigersknowbest MU - 2/29 11:13:53

Mine isn't too bad since I also stayed in state, - kmawv8 MU - 2/29 11:16:13

Hopefully my kids will be geniuses - tigersknowbest MU - 2/29 11:20:43

By the time your kids are college aged - Eggs MU - 2/29 11:24:54

You're probably right. - tigersknowbest MU - 2/29 11:26:15

There's one in every crowd :) - tigerdb MU - 2/29 11:04:44

I put all my money in the Radixstan Donkey mutual fund - MU98 SLU - 2/29 10:47:05

Be careful, Radix uses the Tuberville Investment Scheme - SatoriTiger JC - 2/29 10:48:41

I use Charles Schwab - kmawv8 MU - 2/29 10:44:33

Thats a real noble thing you're doing - MizzouAstro MU

- 2/29 10:47:07

I knew you weren't going to do it for our children (nm) - kmawv8 MU - 2/29 11:00:22

Take it to the Wall St. board(nm) - Eggs MU - 2/29 10:43:33

i have mine at Fidelity - TigerwTLP MU

- 2/29 10:42:49

when they get older, are they able to take money out? - Mizzou Man MU

- 2/29 10:46:25

i have a Roth - TigerwTLP MU

- 2/29 10:47:20

Why would you take out the principal? - tigerdb MU - 2/29 10:55:19

i *can*, not i *do* take out contributions - TigerwTLP MU

- 2/29 10:58:04

Gotcha, kids have to have earned income though, - tigerdb MU - 2/29 11:06:59

you know more about it than i do - TigerwTLP MU

- 2/29 11:11:33

I have a vault with gold bricks - Eggs MU - 2/29 10:52:17