How to Start your Kids Roth-IRA (AKA Money-Tree) | FV060
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
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