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The last things kids worry about today is how much money they’ll need in retirement.
Which is a pity. And that’s why it makes good sense for you to sit them down and have “the talk” with them.
No. Not about the birds and the bees.
You have to explain to your children (who have W-2 income), how modest, regular contributions to a Roth IRA can turn into a real fortune in the future!
Some important Roth IRA questions I’ll answer
in my complete article.
- How much earned income does your child need to make in order to fund a Roth IRA?
- What kind of income restrictions apply?
- How much money can your child accumulate by retirement age?
- Why not contribute to a traditional IRA instead of a Roth IRA?
- Does is make sense to employ your child in your business?
And many more.
As you can imagine, because we’re dealing with IRS rules and regulations, there are many more questions you’ll need answered.
Well, the Tax Reduction Letter can help. In my new issue, I’ll give you all the details you need to know about how the Roth IRA works… and how to explain things to your kids!
Want the whole story?
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“IRAs Are Powerful
Moneymakers for Kids”
