Don’t you just love it when things go in circles? I posted several weeks ago that my youngest was meeting with a commercial agent. The meeting went well and she has since been signed. Here is where the complication has come up: In order to work you have to have a work permit and a Coogan account. A Coogan account, for those who don’t know, is an account where 15% of all of her earnings are directly deposited and can’t be touched until she’s an adult. It’s to keep us parents from taking all of their money. I was actually surprised they don’t set aside more, but that’s just a side point. Now, the work permit states that this account must be set up within 10 days of getting the work permit. If not, the permit is no longer valid. You are with me so far, right?
Soooo, I went to the bank today and was told she has to work before they set up the account. Do you see the problem? She can’t get a job without the permit but the permit is no good without the account that she can’t get until she works. I called the agent, and here’s the best part, she told me this same bank manager saying he can’t set up the account had in fact set up an account for her own child just last month. I think I’m getting dizzy, how about you?