DIY Money | Personal Finance, Budgeting, Debt, Savings, Investing Custodial Accounts & Kiddie Tax
Jun 17, 2024
Join the hosts as they share hilarious car buying tales and the bizarre world of rental cars. They dive into navigating custodial accounts and the mysterious kiddie tax, unraveling the complexities of managing investments for kids. Personal anecdotes blend seamlessly with strategies for maximizing tax efficiency. Plus, a spirited debate ensues over the merits of dividend stocks versus intrinsic value, bringing in a playful contest for listeners. It’s a mix of finance and fun!
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Car Trouble
- Allie hasn't received her car and her parents heard Quint teasing her about it on the podcast.
- She's picking it up at the airport and will pay with a check after a test drive.
Contact Information
- Visit Jewel Financial online at jewelfinancial.com for financial advice.
- Send podcast questions to podcast@diymoney.org for a chance to win a gift card.
Custodial Account Advice
- Keep custodial account investments passive, like S&P 500 or NASDAQ 100 index funds, to avoid kiddie tax issues.
- Realize gains annually up to the kiddie tax limit to raise cost basis.