Have you heard about the life-changing benefits of a Roth IRA for Kids?

Dee from Kids Money Academy shares why a Roth IRA for Kids is so great and how to hire your kids in your business!

CHAPTERS
0:00 Intro
1:40 How is a Roth IRA for kids different than a traditional Roth IRA?
2:25 How early can your start investing in a Roth IRA for your child?
3:45 How do you prove earned income to the IRS?
5:53 3 Ways Your Child Can Make Money
7:00 What is considered a reasonable wage?
9:00 Ways to Include Your Child in Your Business
11:40 What is the impact of investing early?
13:38 Information About Kids Money Academy

#RothIRAforKids #CustodialRothIRA #HireYourKids #KidsMoneyAcademy #FamilyFinance #PersonalFinance

RESOURCES

Wanna Hire your Kids and start a Roth IRA for Kids? Check out Dee’s resources here

GUEST BIO – Dee from Kids Money Academy

As a CPA and Finance Instructor at UCLA, having conversations with other adults about money comes naturally to Dee.

She founded Kids Money Academy to fill a huge need that empowers parents from all backgrounds to talk to their kids about money in a positive way.

Kids Money Academy answers the question, “How can I teach my kid about money in a fun and simple way?” by providing a framework that shows parents HOW to have conversations about financial literacy with their children from age 4 to 18 years old.

At Kids Money Academy, their mission is to reach as many parents and kids as possible to instill healthy financial habits that create an abundant money mindset and legacy for wealth.

OTHER VIDEOS TO WATCH
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529 College Savings Plan: Why Parents Need One

Kids Brokerage Account: What it is and How to Open One

MARRIAGE KIDS AND MONEY:

This award-winning blog, podcast and YouTube channel are dedicated to helping families build wealth and thrive. Each week, Andy Hill shares actionable advice and tips for family financial independence. Also, he interviews personal finance experts, families who’ve achieved financial independence and debt-free parents to inspire you to do the same.

BIO – ANDY HILL:

Andy Hill is the award-winning family finance coach behind Marriage Kids and Money – a platform dedicated to helping young families build wealth and happiness.

Andy’s advice and personal finance experience have been featured in major media outlets like CNBC, Forbes, MarketWatch, Kiplinger’s Personal Finance and NBC News. With millions of downloads and views, Andy’s message of family financial empowerment has resonated with listeners, readers and viewers across the world.

When he’s not “”talking money””, Andy enjoys being a Soccer Dad, singing karaoke with his wife and watching Marvel movies.

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DISCLAIMER
This show may contain affiliate links or links from our advertisers where we earn a commission, direct payment or products. Opinions are the creators alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Information shared on this channel is for entertainment purposes only and should not be considered as professional advice.

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CREDITS

Research & Writing: Andy Hill
Video Editing: EditVideo.io
YouTube Channel Management: Kayli Groves — “…(read more)

LEARN MORE ABOUT: IRA Accounts

TRANSFER IRA TO GOLD: Gold IRA Account

TRANSFER IRA TO SILVER: Silver IRA Account

REVEALED: Best Gold Backed IRA

Do you want to help your child get a head start on their financial future? A Roth IRA is a great way to do just that. A Roth IRA is a retirement savings account that allows your child to save and invest their earnings in a tax-advantaged way.

The great thing about a Roth IRA is that it allows your child to invest money that has already been taxed. This means that all of the money that your child earns and invests in the Roth IRA will grow tax free. This is a great way for your child to save for retirement, as all of the money that is earned and invested in the Roth IRA will not be taxed when it is withdrawn in the future.

One way to fund your child’s Roth IRA is to hire them to do some work for you. You can pay your child for doing household chores, babysitting, or any other job that you can think of. The money that they earn can then be saved in their Roth IRA. This is a great way to teach your child the importance of saving and investing for the future.

Another way to fund your child’s Roth IRA is to open a custodial account. This is an account that is managed by an adult, such as a parent or guardian, and is used to manage the investments and savings of a minor. You can open a custodial account for your child and then invest the money in a Roth IRA.

Finally, you can also help your child invest in a Roth IRA by teaching them about investing in English. Investing in English is a great way to help your child understand the basics of investing and how to make wise financial decisions. You can teach them about stocks, bonds, mutual funds, and other types of investments. This will help them to understand the basics of investing and how to make wise financial decisions in the future.

A Roth IRA is a great way to help your child save and invest for their future. By hiring your child to do some work for you, opening a custodial account, and teaching them about investing in English, you can help your child get a head start on their financial future.