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| Number of Posts: | 3233 |
| Registered on: | 8/14/2006 |
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This is real life when we argue about how many 6 yr olds you could take down in a fight.
re: Looking for how you all save for your kids (529 vs brokerage vs custodial)
Posted by JL on 2/2/26 at 2:51 pm to TorchtheFlyingTiger
Maybe I'm thinking wrong, but when your kid turns 18 and has no income they could convert it to a roth IRA and you pay taxes and then it can grow tax free from there till they retire?
Trump Accounts are tax-advantaged investment accounts for U.S. citizen children under 18 with a Social Security number. A $1,000 government-funded, invested pilot contribution is available for children born between January 1, 2025, and December 31, 2028, with accounts established by parents or guardians.
Key qualification details for a Trump Account include:
Age and Status: The beneficiary must be a U.S. citizen under the age of 18 at the end of the calendar year.
Identification: A valid Social Security number is required.
Pilot Program Eligibility: To receive the $1,000 federal grant, the child must be born between January 1, 2025, and December 31, 2028.
Account Setup: Parents, guardians, or authorized individuals must submit IRS Form 4547 to establish the account.
Contributions: While only certain children get the $1,000 seed money, any child under 18 with a Social Security number can have a Trump Account opened for them, with up to $5,000 in annual contributions from parents, family, or employers.
Accounts are designed for long-term growth, with funds invested in {Link: index funds. The program starts accepting contributions in July 2026, notes {Link: Yahoo Finance and the {Link: White House (.gov).
Key qualification details for a Trump Account include:
Age and Status: The beneficiary must be a U.S. citizen under the age of 18 at the end of the calendar year.
Identification: A valid Social Security number is required.
Pilot Program Eligibility: To receive the $1,000 federal grant, the child must be born between January 1, 2025, and December 31, 2028.
Account Setup: Parents, guardians, or authorized individuals must submit IRS Form 4547 to establish the account.
Contributions: While only certain children get the $1,000 seed money, any child under 18 with a Social Security number can have a Trump Account opened for them, with up to $5,000 in annual contributions from parents, family, or employers.
Accounts are designed for long-term growth, with funds invested in {Link: index funds. The program starts accepting contributions in July 2026, notes {Link: Yahoo Finance and the {Link: White House (.gov).
re: Looking for how you all save for your kids (529 vs brokerage vs custodial)
Posted by JL on 2/2/26 at 2:34 pm to Lazy But Talented
Starting in July you can open a Trump account for any child under 18 and contribute up to $5k annually for tax free growth till they turn 18 and it converts to a trad IRA.
re: Looking for how you all save for your kids (529 vs brokerage vs custodial)
Posted by JL on 2/2/26 at 2:33 pm to Lazy But Talented
In July you can open a Trump account for any kid under 18 and parents can contribute max $5k/year for tax free growth until they turn 18 and it converts to a traditional IRA,,
re: Looking for how you all save for your kids (529 vs brokerage vs custodial)
Posted by JL on 1/29/26 at 2:07 pm to makersmark1
A 3-hour advertisement photoshoot with a model typically costs between $150 and $900+, depending on experience, agency, and usage rights. For freelance or newer models, rates are often $50–$100 per hour, while experienced or agency models charge $100–$300+ per hour, often with a 2-4 hour minimum booking requirement.
Estimated 3-Hour Cost Breakdown:
Novice/Freelance Model: ~$150 – $300 ($50–$100/hr).
Experienced Freelance Model: ~$300 – $600 ($100–$200/hr).
Agency/Professional Model: ~$600 – $900+ ($200+/hr + usage).
Factors Affecting Price:
Usage Rights: Commercial, billboard, or long-term digital use increases the rate.
Experience Level: Professional, published models command higher fees.
Type of Shoot: Specialized or intimate apparel may cost more.
Hidden Costs: Don't forget to negotiate travel, hair/makeup, and meals.
Tips for Budgeting:
Minimum Time: Many models require a 2 or 4-hour minimum, meaning a 3-hour shoot might be charged at a 4-hour rate.
Local Talent: Hiring via local Facebook groups or Instagram can be more budget-friendly than agencies.
Did I mention you also start the modeling agency so your kid can get professional pay. That was just an example. There are plenty of ways to get your kids justified income. This is the easiest before they can actually do physical work.
Estimated 3-Hour Cost Breakdown:
Novice/Freelance Model: ~$150 – $300 ($50–$100/hr).
Experienced Freelance Model: ~$300 – $600 ($100–$200/hr).
Agency/Professional Model: ~$600 – $900+ ($200+/hr + usage).
Factors Affecting Price:
Usage Rights: Commercial, billboard, or long-term digital use increases the rate.
Experience Level: Professional, published models command higher fees.
Type of Shoot: Specialized or intimate apparel may cost more.
Hidden Costs: Don't forget to negotiate travel, hair/makeup, and meals.
Tips for Budgeting:
Minimum Time: Many models require a 2 or 4-hour minimum, meaning a 3-hour shoot might be charged at a 4-hour rate.
Local Talent: Hiring via local Facebook groups or Instagram can be more budget-friendly than agencies.
Did I mention you also start the modeling agency so your kid can get professional pay. That was just an example. There are plenty of ways to get your kids justified income. This is the easiest before they can actually do physical work.
re: Looking for how you all save for your kids (529 vs brokerage vs custodial)
Posted by JL on 1/29/26 at 6:38 am to makersmark1
If you own a business, pay your kids as "models" and take their picture for advertising. Give them income for it and you're set.
Google response below
Yes, you can pay your children for using their pictures in your business and use that income to fund a custodial Roth IRA. The work must be legitimate, the pay reasonable for the service, and properly documented (e.g., invoices,, tax records) to comply with IRS guidelines. The child can contribute up to their earned income or the annual limit ($7,000 in 2025).
Key Steps and Considerations:
Legitimate Business Use: The photos must be used for advertising, such as on a website, in brochures, or for social media marketing.
Reasonable Compensation: Payment must reflect what you would pay a stranger for the same service; excessive pay to shift income is not allowed.
Documentation: Maintain a record of the work, such as dates, photos used, and pay stubs. While not always required for very young children, it is best practice to have them, or you as their guardian, fill out a W-4.
Setting up the IRA: You can open a custodial Roth IRA (or UGMA/UTMA account) at a brokerage firm. You manage the account until the child reaches the age of majority (18 or 21, depending on the state).
Tax Implications: While contributions are made with after-tax money, the earnings grow tax-free. If a child earns less than the standard deduction ($14,600 in 2024), they likely won't owe federal income tax, but may owe self-employment tax if not incorporated.
Google response below
Yes, you can pay your children for using their pictures in your business and use that income to fund a custodial Roth IRA. The work must be legitimate, the pay reasonable for the service, and properly documented (e.g., invoices,, tax records) to comply with IRS guidelines. The child can contribute up to their earned income or the annual limit ($7,000 in 2025).
Key Steps and Considerations:
Legitimate Business Use: The photos must be used for advertising, such as on a website, in brochures, or for social media marketing.
Reasonable Compensation: Payment must reflect what you would pay a stranger for the same service; excessive pay to shift income is not allowed.
Documentation: Maintain a record of the work, such as dates, photos used, and pay stubs. While not always required for very young children, it is best practice to have them, or you as their guardian, fill out a W-4.
Setting up the IRA: You can open a custodial Roth IRA (or UGMA/UTMA account) at a brokerage firm. You manage the account until the child reaches the age of majority (18 or 21, depending on the state).
Tax Implications: While contributions are made with after-tax money, the earnings grow tax-free. If a child earns less than the standard deduction ($14,600 in 2024), they likely won't owe federal income tax, but may owe self-employment tax if not incorporated.
re: Monarch Money Management
Posted by JL on 1/26/26 at 2:00 pm to Roy Curado
It's a pain at first, but categorizing all your purchases and setting rules for recurring expenses is important when you start. Once you get all the rules set and items categorized it handles it automatically pretty well. I just go in once a month and make corrections if needed. I haven't downloaded the amazon patch that automatically categorizes amazon purchases, but it's on my list to do considering that's like half our shopping and only going into one bucket whether it's necessary stuff like diapers or unnecessary stuff like kitchen appliances that will never get used.
It high level reminds me every year that I spend too much on Cigars and my wife spends too much on the dog.
It high level reminds me every year that I spend too much on Cigars and my wife spends too much on the dog.
I've got a bar of silver thats been sitting in my gun safe for like 8 yrs. Was debating taking it to sell if it hit $100. I think i paid around $18/oz when i bought it.
We had a fat Pakistani named Jai that just taught us what we needed to know the day before the test for $20 cash per person.
It's cold up there. People want to be outside but it's cold. When stuff is burning they can be outside and it's warmer.
That's expected. They aren't E&P companies, don't have hard assets in country, low risk to make these deals. Just coming in and saying you are willing to trade the oil is much easier than committing to drilling wells, building and repairing platforms, laying/reparing pipeline.
re: Dutch and Singapore firms beat US majors to first deals for Venezuelan oil
Posted by JL on 1/12/26 at 7:53 am to ragincajun03
Those aren't E&P companies. They have much lower risk in this situation, no hard assets in country.
re: Official Running Log/Marathon Training Thread
Posted by JL on 1/11/26 at 12:21 pm to Walter White Jr
Yep, weather was great except for the headwind running up montrose.
re: US Directed Energy Weapons
Posted by JL on 1/10/26 at 7:56 pm to aTmTexas Dillo
These things were commercial grade LRADs we had and were very effective. This was 15 years ago. I’m guessing the US military has much better versions than oil companies have. I would imagine they can mount on a helicopter and pilot could direct at targets.
re: US Directed Energy Weapons
Posted by JL on 1/10/26 at 7:43 pm to aTmTexas Dillo
LRAD. We had them mounted on the rigs in Africa to deal with pirates.
re: Will running once per week be enough to build any base?
Posted by JL on 1/8/26 at 4:13 pm to OysterPoBoy
I just run once per week, worked up from 5K to half marathon in like 6 months. I just do 6 miles once a week now and ramp up from there before a half.
What would your wifes commute be like? We decided to stay in the heights and do private school just because if there was an issue with a kid we wouldn't be an hour away as my wife and I both work downtown. Just something else to consider non-monitary. We decided our sanity of not commuting was worth more than additional money we would save in the burbs.
Oh Houston area?
re: Oil prices record steepest annual fall since Covid pandemic
Posted by JL on 1/2/26 at 8:13 am to ragincajun03
Every public oil company is buying back shares right now.
re: What are your big 2026 financial goals?
Posted by JL on 12/31/25 at 1:35 pm to reds on reds on reds
Once you get the social security number open a 529 for your new baby. You can make a pretty substantial deposit on your inital opening of the account. Look at your states first to see if there are any advantages, if not look at other states. I live in Texas, no state income tax benefit so opened my kids plans in NY, it had good investment options.
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