No Vacancy The Podcast with Natalie Palmer cover image

10. Stop Letting Uncle Sam Take Your Airbnb Earnings! Interview with @learnlikeacpa

No Vacancy The Podcast with Natalie Palmer

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The Benefits of a Roth IRA Account

With a Roth IRA, so they can get that 3000. They're not required to put that in sort of any sort of retirement account. So I think it done money. You could like pay your kid, like put it in their piggy bank and you could still deduct it for your tax savings. This is just this is just putting that money to work. With Airbnb, there's some, you know, some people getting away with, say, doing modeling for their kids. But would you just follow that same analogy? Like if you wouldn't hire your neighbors three year old, like you probably shouldn't hire your own three year old. Would you just use that same mentality here?

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