학술논문
AUNT KIM STARTS A FAMILY INVESTING CONTEST.
Document Type
Article
Author
Source
Subject
*Financial literacy
*Personal finance
*Financial aid
Aunts
Young adults
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*
Language
ISSN
1528-9729
Abstract
Money can be withdrawn penalty-free at any time, but any investment income above $1,250 is taxed; income above $2,500 is taxed at the parents' rate. FROM LEFT: INVESTING CONTEST PARTICIPANTS AMALIA, ELIAS, JIM, KATIE AND TREVOR. For example, Elias had done so well with the computer games stocks he was familiar with that his father gave him a little family money to invest. There is a downside to putting too much money at stake, says Joel Aslanian, a Seattle-based real estate developer whose father-in-law started an investing contest with much higher stakes for his children many years ago. [Extracted from the article]