It might be worth it to wait until tax time each year, as a traditional contribution might be the difference between earning the saver's credit or not.Those are all good questions and my wife and I have also asked, we have gifted him some money through a modest inheritance and I think that allowed him to free up cash from bills, plus I think he finally understands the need for a plan right now, some don’t listen or plan and he is a good example of that.
My guess is his income is probably around $35000, single, rents.
I’ll be calling Vanguard with questions about setting this up on his behalf with seed money then he can monitor, add when extra income is available, and let him learn
Statistics: Posted by sailaway — Sun Sep 15, 2024 7:08 pm — Replies 6 — Views 434
