Watch This Before You Open a Kid's Roth IRA in 2024

  Рет қаралды 1,416

Mat Sorensen - Wealth Lawyer & Entrepreneur

Mat Sorensen - Wealth Lawyer & Entrepreneur

Ай бұрын

Join us as we discuss the benefits of Kids Roth IRAs and how to teach children financial literacy through savings and investment strategies. Learn why Kids Roth IRAs are perfect for college savings and retirement, how earned income is crucial, and the steps to get started. We'll share practical tips and real-life examples to help you and your children build a strong financial foundation.
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Пікірлер: 9
@jamesbartlett9775
@jamesbartlett9775 Ай бұрын
Very useful information. Thank you!
@joeb1522
@joeb1522 Ай бұрын
Earned income is typically subject to 15.3% self employment tax (such as earnings from being a babysitter).
@joeb1522
@joeb1522 Ай бұрын
Could you help me understand why W-2s and 1099s aren't required? If you pay an employee any wage or a contractor over $600, a W-2 or 1099 is required by law.
@EricPardo
@EricPardo Ай бұрын
Love custodial ROTHs! Didn’t know contributions could be withdrawn tax and penalty free!
@MatSorensen
@MatSorensen Ай бұрын
Yep, a perk so many are unaware of!
@rodf1021
@rodf1021 Ай бұрын
thank you for this information and the detail level you went into.
@MatSorensen
@MatSorensen Ай бұрын
Glad it was helpful!
@kassiarose
@kassiarose Ай бұрын
This is great info.
@MatSorensen
@MatSorensen Ай бұрын
Thanks!
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