Should I Contribute to my Child's Roth IRA?
Channel: Chris Grande
Date: 2019-05-17

Recently I answered this question on Quora: Do you believe funding your kids Roth IRA is a good idea? And Why?
https://qr.ae/TWNAmc

I actually answered it more for "Can you contribute to your Child's Roth IRA?" but covered both. What is my answer? Yes and Yes. 

You child gets tax-free growth, access to contributions anytime (future home purchase down payment?), a potential Savers Credit (if they're working and not your dependent) and you get intergenerational benefits!

Watch my video for the full scoop. If you like it, subscribe for more and hit the thumbs up!

Links in video:

Original Quora Question: 
https://qr.ae/TWNAmc

IRS Publication 590A - IRA contributions: https://www.irs.gov/publications/p590a

IRS Publication 590B - IRA distributions: https://www.irs.gov/publications/p590b

Savers Credit (IRS): https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-savings-contributions-savers-credit

Thanks for watching.
Remember to 80/20 Your Money (and your entire life!)

Warmly,

Chris Grande
Now the Bicoastal Advisor! 
Interested in working together?
https://www.planwithchris.com/planwithchris


Important Disclosures:

My articles and videos are meant to be educational and not specific advice. I assume my readers are big boys/girls and understand that, but in today’s climate I have to tell everyone again anyways – people might do something dumb and go hurt themselves! (like stick a fork in an electric socket or something – don’t do that!). Consult a qualified advisor before attempting financial strategies that you don't fully understand.