Show Encourage Your Kids To Work - for you if you happen to have a small business (shifting in- come from your tax bracket to theirs) or for someone else if you don’t Even the worst job is good experience for the real world And if you’re financially able: Entice your son or daughter to deposit all of his or her earnings in a Roth IRA by offering to make it up to him or her with spending of your own pocket (Perhaps their grandparents money out could chip in too?) Consider the power of $3000 in summer earnings growing tax-- If you own a anal bushaa aneounga your dild to woifc lor you h the summer You1! both profit from It free decade after decade At the d 6 “real” re- inflation-adjuste- turn your child might hope to achieve that one summer’s Roth IRA contribution could well pro- e vide a $5000 a year—in today’s purchasing power-f- or each of the last 30 years of his or her life! Four such summers and a strong investment foundation is laid You’ll be long gone but your child will be rocking on die tax-fre- porch remembering you— and those summers of lifeguarding g or hedge-trimmin- soda-jerking- — IE fondly Andrew Tobias PARADE’S Personal Finance Editor is the author of nine books on personal investing and business including bis best-sellin- g classic "The Only Investment Guide You’ll Ever Need" i PARADE Mat 2 2004 PAGE IS Featuring nationwide long distance voice mail caller ID call waiting and text messaging No age limits contracts bids or credit checks TracFoner it's for you diHPff Wahwltum NodvMiM i ion locator MaM ray any by skyr WALMART always low prices |