The chances of this being audited are really low. The only thing you got to watch out for if you have a kid that's under eight, the Social Security Administration will send you a letter every year asking you what they're actually doing that's earning income. A target retirement fund is a pretty good choice. Don't put it all in Tesla stock and McDonald's stock or something like that. Do not make them self-employed.
Today we answer your questions about what we are calling family finances. We tackle 529s, dependent care FSAs, what to do when you can't live like a resident, how to get your spouse involved in the finances, and roth accounts for kids. We also hear from Andrew of https://StudentLoanAdvice.com with an update on what on earth is going on with the student loan situation.
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