Harold - thanks for this. Just to be clear for our family, we do not advocate that Grandparents open, manage, and remain custodians of any of these accounts on behalf of their grandchildren. We believe the parents are best positioned to manage the accounts, and our child has opened the accounts on behalf of their child - we have openly discussed with both parents on how we plan to help supplement future funding of the child accounts they are managing. We also have no concern that the grandparent fund sourcing is not separately reflected.
Bill - we agree that best to have full alignment with the parents, and we openly discussed these concepts with them. We also feel the parents are in a better position than we aging grandparents to manage the accounts for the full two decades.
William - agreed
Limiting postings would provide other enhanced benefits for the site: the contributors would have a week to more thoroughly edit their strongest content along Jonathan's guidelines, the best postings and discussions would remain on the front page for longer as they would not so quickly disappear due to frequent subsequent postings, and any concerns about repetitive viewpoints would be diminished. While posters have underlying good intent, the site is helped more by well-written content rather than frequent postings. The equally mature Mr. Money Moustache FIRE site remains relevant with just four postings a year. Humble Dollar has plenty of strong, well edited and worthwhile content that is worth a re-read in conjunction with new posts.
Comments
Harold - thanks for this. Just to be clear for our family, we do not advocate that Grandparents open, manage, and remain custodians of any of these accounts on behalf of their grandchildren. We believe the parents are best positioned to manage the accounts, and our child has opened the accounts on behalf of their child - we have openly discussed with both parents on how we plan to help supplement future funding of the child accounts they are managing. We also have no concern that the grandparent fund sourcing is not separately reflected.
Post: Saving for Grandchildren
Link to comment from May 7, 2026
The IRS says generally the parents are responsible: Topic no. 553, Tax on a child's investment and other unearned income (kiddie tax) | Internal Revenue Service but there certainly could be special guardianship, dependency or other cases.
Post: Saving for Grandchildren
Link to comment from May 3, 2026
Bill - we agree that best to have full alignment with the parents, and we openly discussed these concepts with them. We also feel the parents are in a better position than we aging grandparents to manage the accounts for the full two decades.
Post: Saving for Grandchildren
Link to comment from May 3, 2026
AI is too low, as the marginal tax rate can be as high as 28,000 percent on the next dollar: https://humbledollar.com/2023/04/that-28000000-tax/
Post: Hidden Surcharge
Link to comment from April 22, 2026
William - agreed Limiting postings would provide other enhanced benefits for the site: the contributors would have a week to more thoroughly edit their strongest content along Jonathan's guidelines, the best postings and discussions would remain on the front page for longer as they would not so quickly disappear due to frequent subsequent postings, and any concerns about repetitive viewpoints would be diminished. While posters have underlying good intent, the site is helped more by well-written content rather than frequent postings. The equally mature Mr. Money Moustache FIRE site remains relevant with just four postings a year. Humble Dollar has plenty of strong, well edited and worthwhile content that is worth a re-read in conjunction with new posts.
Post: Note to HD Writers and Contributors
Link to comment from April 4, 2026