u/FarTradition6496

I'm technically eligible now to retire under Classic, but phew, the difference between retiring now and waiting five years (when I'm at 20 years and vested for healthcare) is stark. My pension almost doubles if I wait the 5 years, and my monthly premium for the health care plan I want goes from $350 a month to $80. I feel lucky in many ways, don't get me wrong, but man, this is how they get you. I don't want to wish my life away waiting for these next 5 years to pass. Generally, I'm in pretty good health, but who knows what the next 5 years may bring? If you can relate or are in a similar position, any advice?

If you love Jesse and Walt and haven't seen the new Dos Hombres short, go watch it! A few subtle and not so subtle call backs to BB. It used to be on the website itself yesterday but can't find it now; it's still on their social media. Most recent post. PS: I have no affiliation with their company; just a huge fan of Walt and Jesse (and Bryan and Aaron).

Assume that I am pretty familiar with the rules for custodial Roths. I understand that allowance kids might earn doing chores around the house they live in with their parents -- dishes, pet care, housecleaning, lawn mowing -- does NOT count as earned income for Roth purposes. (Or, rather, should not be counted for those trying to avoid an audit.) On the other hand, money earned for babysitting for friends and neighbors, mowing lawns around the neighborhood -- that income can be counted for Roth purposes. What about chores for grandparents? Our kids' grandparents do not live with us, live pretty far away. My kids do yardwork for their grandparents and earn money for doing it. Would this income be more like doing yardwork for a neighbor? Or more like chores for a parent? Has anyone found actual written guidance from the IRS on this topic? Or perhaps a CPA? I've scoured the internet and have not been able to. For those who have custodial Roths for their kids, what do you do?