Stacey Francis, a blogger for FA Playbook, has published her article, “Here’s Why You Should Open A Roth IRA For Your Kids”. The article begins as follows:
How would it feel to give your children an enormous leg up on saving for retirement while also helping them form healthy money habits?
The answer could be opening a Roth individual retirement account for them.
To start, a Roth IRA is a special retirement account that allows participants to receive tax-free income in retirement. There are no age restrictions; therefore, a child can have a Roth IRA account and get a great head start on both their retirement savings and wealth-building goals.
To see the full article, click: “Here’s Why You Should Open A Roth IRA For Your Kids”
Posted by Mallory Wentz, Associate Editor, Wealth Strategies Journal.