Reuters - Video

EDITION: U.S. | U.K. | IN

Investing 201

The Honey Boo Boo investment plan - Investing 201

Thursday, February 07, 2013 - 03:10

Alana Thompson, the star of TLC's ''Here Comes Honey Boo Boo,'' might be the wealthiest 7-year-old in Georgia. Here's what the child star - and her parents - should do to build her pile of money. (February 7, 2013)

▲ Hide Transcript

View Transcript

Tell me you know. -- child actors fame and money can vanish in nano second. Honey boo birds 4000 dollars an episode that's roughly 40000 bucks -- season. Lot don't -- -- So what should honeymoon would do to make sure she doesn't lower fortune in case your famed right. He sort of planning for after the show while you're a lot of people don't really think like everything about him. -- and other financial experts suggest. One set up a trust fund. Mama -- Shannon -- financially sound heavier than she -- She says the line share of the family's paycheck is directly deposited to trust funds for boo -- and her four sisters. The kids can't touch the money until they turn 21. Except for school or medical emergencies. Beyond the trust fund they could invest part of who was income in a 529. The tax free college savings plan. It's like Georgia five point 98 based managed allocation plan. That invest aggressively in stocks and bonds when she's young but -- still more conservative and it's favoring bonds as seniors ecology. Flynn says she should set aside enough to cover the costs of attending a public college. -- -- can write off -- to 2000 dollars in taxes for any additional contributions she makes to the fun. Assuming an aggressive 8% annual rate of return to racing nearly 90000 dollars you'll need for college. Who who have to put 450 dollars a month. Or 5400 dollars a year. Into the five when he beyond that perhaps do something outside here towards count because there are tax and penalties if that money and has not used. For college expenses. So three. Parents can set -- an investment account and -- -- separate account loosening. To track crass. Lipper's research it kept -- recommends sucking all of it -- equity yes. A 5050 split between them very diversified low cost -- -- total stock market. And vanguard total international stock yet. -- For protect your ability to make money. -- partner Jordan Waxman now as well for which entertainers that she could alternately use in oncology money to -- disability insurance. Finally wouldn't turn -- can restructure her trust. Differ receiving the bulk of the non college money until she turns thirty. So that money has more time to grow as a window there where you can talk about this trust and saying let's restructured so maybe you get the income. For some period of time but the actual principles some election money -- mean come to you until you're 3035. Retail for one point out that the Arctic he bought the governor's -- Those got a nice game. Wounded an epidemic in immaculate eighty senator. Source of it to welcome. Yeah.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

The Honey Boo Boo investment plan - Investing 201

Thursday, February 07, 2013 - 03:10

Top News »

Most Popular »

Retirement »

Money Clip »

Will Apple Pay transform mobile payments? Will Apple Pay transform mobile payments?

Thu, Oct 16, 2014 - (2:45)

3 things to do before disaster strikes 3 things to do before disaster strikes

Wed, Sep 18, 2013 - (1:39)

Your must-do money list Your must-do money list

Wed, Sep 11, 2013 - (1:24)

The worst "best" financial advice The worst "best" financial advice

Wed, Sep 04, 2013 - (1:42)

Forget gold: The case for REITs Forget gold: The case for REITs

Fri, Apr 26, 2013 - (1:19)

3 rules for buying a house now 3 rules for buying a house now

Thu, Apr 18, 2013 - (1:39)

“Stalking” your dream home - Money Clip “Stalking” your dream home - Money Clip

Wed, Mar 27, 2013 - (2:50)

3 hidden tax deductions - Money Clip 3 hidden tax deductions - Money Clip

Thu, Mar 21, 2013 - (1:33)

How to break your prenup - Money Clip How to break your prenup - Money Clip

Thu, Mar 07, 2013 - (1:18)

Watch your wallet on Pinterest - Money Clip Watch your wallet on Pinterest - Money Clip

Thu, Feb 21, 2013 - (1:33)

Get set for the big bull run - Money Clip Get set for the big bull run - Money Clip

Thu, Jan 24, 2013 - (3:41)

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, Oct 20, 2014 - (1:08)

Images of September Images of September

Wed, Oct 01, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, Sep 05, 2014 - (2:05)

Burning Together Burning Together

Mon, Sep 01, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, Aug 22, 2014 - (3:12)

Images of August Images of August

Fri, Aug 29, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, Aug 11, 2014 - (2:27)

Burned memories Burned memories

Fri, Aug 08, 2014 - (3:02)

Images of July Images of July

Thu, Jul 31, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, Jul 11, 2014 - (1:00)

A refugee in America gives back A refugee in America gives back

Thu, Jul 03, 2014 - (3:25)

A long search for refuge A long search for refuge

Fri, Jun 20, 2014 - (3:04)

World Cup: Around the globe in 50 goals World Cup: Around the globe in 50 goals

Fri, Jun 06, 2014 - (1:08)

VIVID – Sydney’s spectacle of light VIVID – Sydney’s spectacle of light

Fri, May 30, 2014 - (1:37)

The week that changed Boston The week that changed Boston

Mon, Apr 14, 2014 - (3:28)

360° snapshot of life in Kabul 360° snapshot of life in Kabul

Fri, Apr 04, 2014 - (1:26)

A blind teenager, living with vision A blind teenager, living with vision

Thu, Mar 27, 2014 - (3:51)

TIMELAPSE: Backstage at the Oscars TIMELAPSE: Backstage at the Oscars

Wed, Mar 05, 2014 - (2:49)

TIMELAPSE: Lunch with Oscar nominees TIMELAPSE: Lunch with Oscar nominees

Wed, Feb 12, 2014 - (2:55)

Sochi Highlights: Let the games begin Sochi Highlights: Let the games begin

Fri, Feb 07, 2014 - (0:40)

TIMELAPSE: On the Golden Globes red carpet TIMELAPSE: On the Golden Globes red carpet

Tue, Jan 14, 2014 - (3:28)

Pictures of the Year 2013 Pictures of the Year 2013

Fri, Dec 20, 2013 - (3:03)

Marching to the beat of Sousa's drum Marching to the beat of Sousa's drum

Thu, Dec 05, 2013 - (6:11)

The Gettysburg Address The Gettysburg Address

Thu, Nov 28, 2013 - (2:31)

Making Gruyere: A family affair Making Gruyere: A family affair

Wed, Oct 16, 2013 - (5:06)

Abortion: After the decision Abortion: After the decision

Tue, Sep 17, 2013 - (5:46)

A Hollywood Timelapse A Hollywood Timelapse

Mon, Jul 22, 2013 - (2:24)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, Feb 19, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, Jan 10, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, Aug 29, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, Aug 29, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, Aug 05, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, Dec 17, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sat, Dec 08, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Sun, Dec 09, 2012 - (10:39)

Lessons of the Jihad Jane case - Reuters Investigates Lessons of the Jihad Jane case - Reuters...

Sun, Dec 09, 2012 - (3:43)

Exclusive: Jihad Jane in her own words Exclusive: Jihad Jane in her own words

Sat, Dec 08, 2012 - (4:11)

Attorney: How a Maryland teenager became radicalized - Reuters Investigates Attorney: How a Maryland teenager became...

Fri, Dec 07, 2012 - (4:21)

Counselor: Jihad Jane at 17 - Reuters Investigates Counselor: Jihad Jane at 17 - Reuters...

Thu, Dec 06, 2012 - (4:17)

Dateline Asia »

Asia Week Ahead: Honda air bag crisis to deflate earnings? Asia Week Ahead: Honda air bag crisis to...

Fri, Oct 24, 2014 - (1:52)

FACTBOX: Japan's Abe loses two female ministers in one day FACTBOX: Japan's Abe loses two female...

Mon, Oct 20, 2014 - (1:20)

Breakingviews: Indonesia's Jokowi has a parliament problem Breakingviews: Indonesia's Jokowi has a...

Sun, Oct 19, 2014 - (2:19)

Investment Strategies: Don't worry, buy emerging markets Investment Strategies: Don't worry, buy...

Thu, Oct 16, 2014 - (3:58)

Breakingviews: Worse troubles than Agile brewing in China Breakingviews: Worse troubles than Agile...

Sun, Oct 12, 2014 - (2:35)

NBA's Brooklyn Nets hope to boost global profile in China NBA's Brooklyn Nets hope to boost global...

Fri, Oct 10, 2014 - (4:09)

Breakingviews: Hong Kong finance sector unmoved by protests Breakingviews: Hong Kong finance sector...

Thu, Oct 09, 2014 - (3:17)

Hong Kong markets keep calm and carry on Hong Kong markets keep calm and carry on

Mon, Oct 06, 2014 - (1:39)

China's one-child policy explored in photos China's one-child policy explored in photos

Mon, Oct 06, 2014 - (2:31)