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Monthly Archives: May 2013
  • Can my 11-year-old open an IRA?

    My 11-year-old earns money umpiring baseball games. Can he open an IRA? Will it affect his college aid? — Rick Gross, Avon, Conn.

    Assuming Junior is willing, a Roth IRA (which grows and can be tapped tax-free) is a home run. In 2013 he can put in the lesser of $5,500 or his earned income. Does he earn just a few hundred dollars? You'll need a firm with a low minimum, such MORE

    May 18, 2013 6:30 AM ET
  • Should I invest in real estate overseas?

    What are the advantages and disadvantages of real estate investments overseas? —DANIEL L., New York City

    Direct investment in foreign property, be it a mall or a second home, is a risky proposition. Sure, you could nab greater gains than in the U.S., should you be smart, knowledgeable, and lucky. But noncitizens can face extra expenses and red tape, and back in the U.S., you're subject to complex investment rules, warns Rapid MORE

    May 11, 2013 6:30 AM ET
    Posted in: Investing, Real Estate, Taxes
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Help Desk Video
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    Explaining Obama's myRA
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