Comparison

Roth Wizards vs Receets

Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.

Head to head
About

Roth Wizards

This app helps parents manage their children's savings and investments. It allows you to track real work, pay your child, and fund custodial Roth IRAs for tax-free growth. Ensure compliance with IRS guidelines and generate necessary tax forms.

Highlights
  • Log jobs, hours, and payments
  • Attach photos to document work
  • Track Roth IRA contribution limits
  • Generate W-2 and W-3 tax forms
  • Export documentation for CPAs
  • Get EIN application support
  • Receive job suggestions
Features
Read full description

Roth Wizards helps parents employ their children, track real work, and fund custodial Roth IRAs. Every dollar your child earns can grow tax-free for decades, potentially reaching millions by retirement. Why Parents Love Roth Wizards: Save on Taxes — Deduct your child's wages as a business expense (if you have a business) Build Wealth — Every dollar earned can go into their Roth IRA, growing tax-free Stay Compliant — Built on IRS Publication 15 and IRC Section 3121(b)(3)(A) CPA-Ready — Generate W-2 and W-3 forms, plus year-end audit binders Track Everything — Log jobs, hours, photos, and payments in one place Perfect For: Business Owners — Hire your kids for real business tasks (marketing, photography, data entry) and deduct wages Household Work — Pay for legitimate household projects (yard work, photo organization, tutoring siblings) even without a business Tax-Smart Families — Turn "helping out" into documented earned income Key Features: Job Logging — Log real work with photos, hours, and pay rates Photo Documentation — Attach before/after photos to prove work was substantial Payment Tracking — Track which jobs are paid and how much you owe Roth Contribution Limits — See exactly how much you can contribute each year (up to $7,500 for 2026) Tax Forms — Generate W-2 and W-3 forms automatically CPA Exports — One-click downloads with all documentation your accountant needs EIN Support — Get help applying for your Employer Identification Number Smart Suggestions — Age-appropriate job ideas with fair market rates How It Works: Pick a job your child can help with (business or household) Log the time and pay them Match that income with a custodial Roth contribution Relax—Roth Wizards stores every detail for tax time Real Example: Pay your teen $3,000 for product photography. If you're in a 30% tax bracket, you save ~$900 in taxes. That same $3,000 goes into their Roth IRA and can grow to over $3M by age 65—all tax-free. Compliance Built-In: Every workflow aligns with IRS guidance on hiring your own children. We help you: Document real work (not routine chores) Track earned income for Roth IRA eligibility Generate proper payroll documentation Stay within contribution limits No Business? No Problem. Even without a business, your kids can earn real income for legitimate household work. Every dollar they earn can go toward a Roth IRA—building the same tax-free wealth. The only difference? You won't get a tax deduction, but your child still gets a financial future. Simple Pricing: Choose the plan that fits your family. Many parents save hundreds in taxes each year—often covering the cost in one weekend of documented work. Important: Roth Wizards is a record-keeping tool and does not provide tax, legal, or financial advice. Consult a qualified CPA or tax professional for guidance specific to your situation. Start building your child's tax-free future today. Download Roth Wizards and turn helping out into real earnings and long-term savings. Privacy & Security: All data is stored securely in your private iCloud account. We never share your information with third parties. Terms of Use: https://rothwizards.com/terms Privacy Policy: https://rothwizards.com/privacy

About

Receets

Features
Read full description

Receet is the ultimate productivity tool tailored to help you organize your bills, subscriptions, and receipts without the clutter. Designed for simplicity and speed, Receet ensures you never miss a due date again. KEY FEATURES: Smart Bill Reminders: Automatically get notified 7 days, 5 days, 3 days, and 1 day before any bill is due. Perfect for tracking warranties, utility bills, and one-time payments. Subscription Manager: Keep track of all your recurring expenses like Netflix, Spotify, gym memberships, and more. See exactly how much you spend monthly and yearly with our intuitive dashboard. Receipt Scanner: Declutter your wallet. Scan and store digital copies of your receipts using your camera or photo library. Keep them organized for tax season or warranty claims. Spending Insights: Visualize your spending habits with beautiful interactive charts. See at a glance where your money goes—whether it's Entertainment, Utilities, or Shopping. Privacy Focused: Your data belongs to you. Receet works offline and stores your sensitive financial data locally on your device. Easily wipe all data with a single tap in Settings if needed. Download Receet today and experience financial peace of mind.

Screenshots

Roth Wizards3 screens
Receets4 screens

Verdict

The call

The clearest difference is in-app purchases: Receets at none against Roth Wizards's 1. Receets also leads on iOS requirement (13.0 vs 16.0). On price, ads and device support there is nothing between them.

Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS

CostPrice · In-app purchases · Ads · Monetization

Both are free to download. Roth Wizards sells 1 in-app purchase, starting at $17.99 per year. Receets asks for nothing beyond the download.

Scorecard2 real differences · 8 level
Roth Wizards versus Receets: the parameters behind the verdict, then further details
ParameterRoth WizardsReceets
PriceFreeFree
Rating5.0 (3 ratings) — better—
Positive reviews100.0% of reviews—
Number of ratings3 — better—
Update frequencyEvery 4 weeks—
AdsNoNo
In-app purchasesYesNo — better
MonetizationFree—
DevicesiPhone, iPadiPhone, iPad, iPod — better
Requires iOS16.013.0 — better
Further details — not scored
Size39 MB22 MB
Age rating4+4+
DeveloperBeacon Light Investmentslohith nagaraj

In-app purchases

1 purchases

Roth Wizards

Subscriptions1
  • RothWizards Premium$17.991 Year
None

Receets

No in-app purchases

Questions

Is Roth Wizards free?
Roth Wizards is free to download, with in-app purchases available.
Is Receets free?
Receets is free to download, with no in-app purchases.
Do Roth Wizards or Receets have ads?
Neither Roth Wizards nor Receets shows ads.

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