My Son at age 0 had $1,100 in his Roth-IRA.
This episode reveals the step by step process of establishing a Roth-IRA and securing your child’s financial future.
We go over how a 0-year old can earn income, how custodial accounts work, why a Roth IRA is better than a 529 plan, Tax-saving benefits for parents and much more
We discuss why your money is not trapped till retirement with a Roth-IRA and the power of 60 years of tax-free growth!
More Details on the Roth-IRA here: https://famvestor.com/roth
LINKS:
- ShowNotes – https://www.famvestor.com/060
- Ithica Family Vacation: https://youtu.be/8GPBXM_b2AU
- Fidelity: https://accountopening.fidelity.com/ftgw/aong/aongapp/accountSelectorEntry?rt=rothForKids
- Tax-Details: https://www.marottaonmoney.com/fund-your-childs-roth-with-chore-income/
One thought on “060 | How to Start your Kids Roth-IRA”
Would you mind sending me a sample of the record of earnings you are keeping for your kids