How to Set Up Beneficiaries in the Event of a Minor Son's Death

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If your kid has earned income, they can contribute to a retirement account like a Roth IRA. If you happen to want to give them the equivalent amount of money out of your pocket, that is allowed up to $17,000 per year without any gift taxes being filed. You just got to ask yourself, where do you want the money to go if they're going somewhere? But in general, if there's still a minor, there's still going to be a custodian.

Today we are answering your questions about 529 accounts. We talk about what a reasonable amount to put in a 529 is and what to do if you over fund it. We discuss if it is complicated to have multiple 529 accounts, what a "Daddy Match" is, how to decide what accounts to fund if you are cutting back at work and much more!

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