Set Your Kids Up for Life: 3 Key Investments

Did you know that there are Roth IRA savings plans for kids? Or that you can save for their college tuition through a plan that will allow you to put some money into the stock market and not have to pay any taxes on the returns? Or that you can gift your financial assets to your kids? In this video, we’ll cover the three different types of investment accounts, each with their own particular purpose, you can set up for your kid that can help them afford the big expensive milestones of adult life.

If you’re a parent, the number one thing you can do to set you kid up for the future is to make sure you, yourself, are financially stable. Before you go opening a bunch of different accounts for your kid, ask yourself this question: Do you have an emergency fund that can help you pay for unexpected expenses? If the answer is yes, all three of these plans have various details and important information that will help you make the best informed decisions for your children.

#finance #savings #planning

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