Her earnings will be below the threshold of having to pay any taxes

I've already explained she gets the benefit of a unique magic trick...she won't pay tax on the money she puts into a Roth now OR in the future. Tax-free money is too good a deal to not jump on.

In response to this post by EDGEMAN

Posted: 08/06/2021 at 12:40PM

Any Lounge wisdom on helping a teenager get into investing? -- Tafkam Hokie 08/06/2021 11:51AM

Direct them to Instagram stories. Lots of investment geniuses on there. ** -- ModerateHokie 08/06/2021 3:44PM

Orange juice futures :) ** -- FfxStationHokie 08/06/2021 2:21PM

The lounge is slipping. 2.5 hrs before the first FCOJ or -- Tafkam Hokie 08/06/2021 2:33PM

Have her research a Bogle (3 or 4 fund account) and then by the funds on -- BayHokie 08/06/2021 2:01PM

Talk to @Technocrat -- hoosnowahokie 08/06/2021 1:26PM

50% in Bitcoin, 50% online sports betting. Both are stone cold locks. ** -- HokieGator 08/06/2021 1:18PM

You forgot the part about setting up a 'lit' tiktok account, gain followers -- Vtskier1 08/06/2021 2:25PM

LoL, You sir are a great influence on the youth! -- TekkNerd 08/06/2021 1:34PM

Best of both worlds. If she going to be good at investing she has to learn -- DonHo-kieHi 08/06/2021 1:13PM

Sound like you are advocating for her to invest in both -- EDGEMAN 08/06/2021 2:02PM

I think you used the correct term saying "mindset" -- typed by ben 08/06/2021 12:52PM

Day trading ** -- bigbadbird 08/06/2021 12:48PM

Mutual Funds are boring but the best way in non taxable accounts. I like -- UTPr0sim 08/06/2021 12:41PM

Don’t forget those funds will generate gains and losses -- GreenvilleVT 08/06/2021 12:48PM

Let her pick some of her own stocks. Companies she knows and likes. -- GreenvilleVT 08/06/2021 12:29PM

I think she is far more interested in the results than the process -- Tafkam Hokie 08/06/2021 12:35PM

My kids concentrated positions in companies they like and hold -- GreenvilleVT 08/06/2021 12:52PM

Do you think she wouldn’t touch the Roth money until she retires? If so, -- RoswellGAHokie 08/06/2021 12:27PM

Definitely a Roth, since she probably isn't getting taxed much now -- EDGEMAN 08/06/2021 12:26PM

Her earnings will be below the threshold of having to pay any taxes -- Tafkam Hokie 08/06/2021 12:40PM

Her earnings will be below the threshold of having to pay any taxes

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