No. of Recommendations: 1
somebody said....
So I'd need to figure out a way to pay the kids or grandkids (like cleaning up the office and such) the same amount that I'd like to put into a retirement fund for each.

and somebody else replied
I am afraid it is not that easy. There are pretty well-defined guidelines as to what can be considered earned income.

Yes, but if you are paying the children for work that somebody else could legitimately be hired and paid for, and you pay them appropriate wages for the position, then it's ok. So, $10 to mow the lawn, $5 an hour to clean house, and so forth, would be fine.

- Olivia
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