Why open a custodial Roth IRA?

Why open a custodial Roth IRA? 🤔

Well, the short answer is compound interest. The longer answer is the more time your money has to grow, the more it's worth! 📈

Vanguard shows the difference $1 can be worth if you start investing at 20 compared to 55. It's the difference between turning that dollar into almost $6 versus just shy of $1.50. Obviously, we want to take the six bucks! 💸

Compounding is even more powerful if you start before 20. By opening a retirement account as soon as your child has earned income, that money can grow for their future goals. 💰

Open a Custodial Roth IRA with Vanguard (our favorite brokerage partner) HERE:
https://marriagekidsandmoney.com/how-to-open-a-custodial-roth-ira-with-vanguard/

Видео Why open a custodial Roth IRA? канала Marriage Kids and Money