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The Power of a Roth IRA For Your Child
Manage episode 429607864 series 3367604
Kandungan disediakan oleh Kevin Mahoney, CFP® and Kevin Mahoney. Semua kandungan podcast termasuk episod, grafik dan perihalan podcast dimuat naik dan disediakan terus oleh Kevin Mahoney, CFP® and Kevin Mahoney atau rakan kongsi platform podcast mereka. Jika anda percaya seseorang menggunakan karya berhak cipta anda tanpa kebenaran anda, anda boleh mengikuti proses yang digariskan di sini https://ms.player.fm/legal.
When your child makes a little money, the IRS will view the cash in their wallet as “earned income.” But for once, this isn’t a tax headache. Kevin Mahoney, CFP®, who specializes in financial planning for Millennials, talks about how these small paydays will create an opportunity for you to teach your child about investing. And they’ll create an opportunity for them to experience compounding. Then, when your child begins their adult life, they already may have a meaningful amount of money in retirement savings. Welcome to Financially Well, the finance podcast for Millennials.
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