Quote:
Originally Posted by Gwaihir
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I also expect them, once they start working, to give me 18% of their income to invest in their Roth-IRA managed by yours truly, as well as how to properly utilize credit. They have already been listed as authorized users on my cards for about 5 years now, and have credit scores better than our resident leftists.
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I mean I get this but....
How do you figure 18%? Its 6k / year right now.
I'd let them set it up for themselves (VTSAX @ $500 per month). Just stress that they max it out every year. Nothing else matters more when you're young and earning less than $100k / year.