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Author: reallyalldone Big funky green star, 20000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 78143  
Subject: Re: Finding Balance Date: 2/18/2008 4:22 PM
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Whatever agreement you have with your parents is between you and them. If my son was making a bunch of bucks, I would still insist on paying what I told him I would pay before he went to college. OTOH, once you're out if you want to take over paying their loans or do something else for them, it's a discussion for another day.

I have a small business I run in my spare time that makes me a little money.

You may want to look at information on retirement accounts for the self-employed because you might be able to save more tax-deferred on top of what you can put into a Roth. Here's a link to info at Fidelity about small business retirement accounts : http://personal.fidelity.com/products/retirement/getstart/newacc/smallbizintro.shtml.cvsr?refhp=pr

Also, be careful about paying estimated taxes for income from your business - can be cheaper than paying penalties later.

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