Recent Posts



Dad’s take on Amanda’s Wedding

by Richard

wedding_dance.jpgIf there is a uniquely American character trait it might be this….

…our aspirations are focused on having our children routinely and comfortably exceed their parent’s level of attainment and achievement.

We commonly expect them to receive a better education…and to pursue career opportunities that were unheard of in their parent’s prime…and then to enjoy the harvest of a long, and productive life…expanding the dimensions of health and longevity.

Which might help to explain why weddings are such an emotional milestone for the parents.   It’s tangible proof that all the hard work and preparation of both generations is amply rewarded.

Due to many traits, including family history, Amanda has proven to be an excellent manager and steward of her money and her future…as she has amply demonstrated in her four-part exposition.

And truth be told, I might have held my thumb on the scale to steer her in the direction she ultimately took…but the choice was always hers as to how she wanted to plan and organize her big day.

Flash back to ten years ago…

…when she was a teenager working her first W-2 type job, as a checker at the local Kroger Store.  This was the opening for her Mom and I to start funding her Roth IRA, just as we had done the previous year for her older sister.

The law requires earned income to be eligible for a Roth.  But the law does not require that the account be funded by the wage earner.  It can be gifted by the parents (or grandparents), and this turned out to be ultimately the wedding gift that will keep on giving for generations to come.

It’s not easy for our children, working at low paying jobs, to fund a retirement savings account like a Roth.  But we found it to be a relatively painless way to salt away $30,000 for each child, by making the maximum contribution until they were working in career jobs and could shoulder this burden themselves.

The money was there for a big wedding…if that is what she wanted.

But by opting for the more intimate ceremony, Amanda was able to keep the Roth IRA fully intact.

At the current account value, assuming not one more dime of contribution,  and allowing for compounding at 10% over the next forty years…when she becomes eligible for retirement…the account will reach $1.7 million.

To reverse the equation, the present discounted value of a future sum of $1.7 million over forty years at 10%, is a sum just under $40,000.

A sum that many a proud father would pay for his daughter’s wedding.

I’m so proud of my daughter…for taking the road less traveled.

30 Responses to Dad’s take on Amanda’s Wedding

  1. Sherry

    our aspirations are focused on having our children routinely and comfortably exceed their parent’s level of attainment and achievement. My parents have saidthat before.

  2. Sherry

    Do you have a pair of UGG boots?

  3. Sherry

    Have you heard of UGG?

  4. Neal Hays

    It was one thing of great contentment locating your internet site last night. I obtained here now hoping ahead across new items. And I hasn’t been upset. Your ideas around new solutions during this subject were useful as well as a great help to my family. Thank you for making time to note down these things as well as for sharing your notions.

  5. teaching study

    Touch the door lightly with the back of the hand and that if they were released they may go on to murder, even if they have to post these signs as a requirement.
    You can not get with your qualification? On testing the link I found if you
    click on the link above. Nitin about teacher training courses
    is also the treasurer of the MCA, denied the report, telling
    the BBC,” Don’t forget there are a lot of services.

  6. traffic

    That is a great tip particularly to those new to the blogosphere. Short but very precise information… Thank you for sharing this one. A must read article!

  7. cost of cord blood banking

    I think the admin of this website is in fact working hard in support of his site, for the reason that here every information is quality based stuff.

  8. tarot gratis

    Hi, I do think this is a great site. I stumbledupon it ;) I will return yet again since I saved as a favorite it. Money and freedom is the best way to change, may you be rich and continue to help other people.

  9. kataskeyh istoselidas

    This is really interesting, You’re an excessively skilled blogger.

    I have joined your feed and look forward to in search of more
    of your great post. Additionally, I’ve shared your website
    in my social networks

  10. how to seduce a man on a first date

    Pretty element of content. I simply stumbled upon your website
    and in accession capital to say that I acquire in fact enjoyed account your blog posts.
    Anyway I will be subscribing in your feeds and even I success you get right of entry to consistently fast.

  11. rp gratuit

    You’re so awesome! I do not believe I’ve
    read through a single thing like this before. So wonderful to discover someone with a few unique thoughts on this issue.
    Really.. thanks for starting this up. This web site is something that’s
    needed on the web, someone with a bit of originality!

  12. วิธีลดน้ําหนักดีดีมาก

    I take pleasure in, cause I found just what I used to
    be looking for. You have ended my four day lengthy hunt!
    God Bless you man. Have a nice day. Bye

  13. duplicate mp3 finder

    Hi, its good paragraph on the topic of media print, we all understand media is a impressive source of information.


    Pretty great post. I just stumbled upon your weblog and wanted to
    say that I’ve truly loved surfing around your weblog posts.
    In any case I will be subscribing for your feed and I hope you write once
    more soon!

  15. wedding dresses

    What’s up to every one, it’s truly a pleasant for me to
    pay a quick visit this web site, it includses helpful Information.

  16. Call Of Duty Hacks No Download

    I feel that is among the most significant information for me.

    And i’m glad studying your article. However wanna observation on some normal issues, The website taste is
    wonderful, the articles is actually great : D. Good job, cheers

  17. end sexual violence

    It’s going to be ending of mine day, but before ending I am reading this impressive post to improve my knowledge.

  18. irobot roomba 760 review penang

    Usefful information. Lucky me I discovered your site by accident,
    andd I’m shocked why this accident did nott came about earlier!

    I bookmarked it.


    I’d constantly wish to be modified on new content on this website, bookmarked!

  20. Heath

    I’m amazed, I have to admit. Seldom do I encounter a blog that’s equally educative and entertaining, and
    let me tell you, you’ve hit the nail on thee head.
    The issue is something which too few folks are speaking intelligently about.
    Now i’m very happy I found this durig my search for something concerning this.


    I know this web site gives quality based articles or reviews and additional stuff, is there any other web site which provides these information in quality?

  22. 8 ball pool hack password

    What’s up, its fastidious piece of writing on the topic of media print,
    we all be aware of media is a enormous source of facts.

  23. sponsormyoperation.Com

    Unquestionably consider that which you said.
    Your favourite justification appeared to be on the internet
    the simplest factor to be aware of. I say to you, I definitely get irked whilst people think
    about concerns that they just don’t know about.
    You controlled to hit the nail upon the highest
    ass well as defined out the whole thing with no need
    side effect , people can take a signal. Will likely
    be again to get more. Thank you

  24. ZQuiet Complaints

    What’s Going down i am new to this, I stumbled upon this I have found It absolutely helpful and it has aided me out
    loads. I hope to contribute & assist different
    users like its helped me. Great job.

  25. Moblie monitoring

    Appreciating the commitment you put into your blog and in depth information you offer.
    It’s nice to come across a blog every once in a while that isn’t the same out of date rehashed information. Wonderful read!
    I’ve saved your site and I’m including your RSS feeds to
    my Google account.

  26. Sasha

    I love what you guys are usually up too. Such clever work and exposure!

    Keep up the awesome works guys I’ve added you guys to blogroll.

  27. orra jewellery

    In case you have just about any concerns regarding in which and how to use bracelets with beads ( you can e-mail us
    on the site. Imagine their reaction when they arrive at their desk one morning to see an eye-catching piece of custom
    jewellery. Glass beads can be mass produced in any colour, size
    of shape so that they can be used cheaply to create this lovely unique
    jewellery designs. So to make the customers satisfaction, the artists introduces fashion jewelry by replacing the precious metal Gold.
    From time immemorial, jewellery has always been a very important
    part of a woman’s attire. We expect our cash flow to be more lucrative during Fall (for holiday shoppers) and Spring, with a slow-down in Summer months,
    as online traffic and shopping in general seems to slow down in those periods.

    Layer the jewellery container with cotton if it is not an air tight container.
    High amplifier alternators are often useful for EMS automobiles, commercial trucks,
    excavators, chilled trucks, industrial equipment,
    and mass transit automobiles. Despite the doom and gloom of the recession, credit crunch and
    harsh economic climate our desire for beautiful things has endured.
    Indian women are known to wear many pounds of fine decorative jewellery on all parts of their body, including lightweight delicate necklace chains on their heads.

  28. Leora

    We stumbled over here from a different page and thought
    I should check things out. I like what I see so now i’m following you.
    Look forward to looking at your web page repeatedly.

  29. тнт онлайн вещание

    Издание не несет ответственность за содержание Материалов и за соответствие их требованиям законодательства Российской Федерации, за
    нарушение авторских прав, использование товарных знаков, наименований фирм и
    их логотипов, а также за возможные нарушения прав
    третьих лиц в связи с размещением Материалов
    на Сайте. тнт онлайн вещание


    I love what you guys are up to. Such smart work and
    exposure! Keep up the very good works guys I’ve incorporated you guys to my own blogroll.

Leave a Reply