Investing For Kids (HOW TO GIVE THEM A HEAD START)
If you have kids in your life, do your part to set them up for a bright financial future and help them get ahead. In this video, I'm going to cover the 4 types of accounts you can open for your kids, and the pros and cons of each. I'll also touch on tax considerations, plus how these accounts effect eligibility for financial aid to pay for college. Lastly, I'll share some tips on how to start educating and encouraging kids to invest in their future
0:01:24 - Terminology: Owner vs. Beneficiary vs. Custodian
0:03:28 - Roth IRAs for kids (aka custodial Roth IRA)
0:06:15 - 529 accounts
0:07:25 - Coverdell ESAs
0:09:45 - UGMA/UTMA brokerage accounts
0:11:40 - Pros & cons of each account
0:15:25 - Tips to encourage kids to save/invest
__________
***FREE TRAINING: The 3 Secrets to Investing in Times of Uncertainty
How to build wealth on autopilot, even if you're scared, totally confused by financial jargon, and tend to get stuck in “analysis paralysis”.
https://www.rosehan.com/investing ← SIGN UP HERE
__________
***BOOKS I RECOMMEND***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
https://amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
https://amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
https://amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
https://amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
https://amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
https://amzn.to/37N2adc
__________
DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
__________
SAY HI ON SOCIAL:
Website: https://www.rosehan.com
Instagram: http://instagram.com/investingwithrose
TikTok: https://www.tiktok.com/@investingwithrose
Twitter: https://twitter.com/hellorosehan
Facebook: https://www.facebook.com/investingwitrose
https://youtu.be/YCBf1lUQMyg
Видео Investing For Kids (HOW TO GIVE THEM A HEAD START) канала Investing With Rose
0:01:24 - Terminology: Owner vs. Beneficiary vs. Custodian
0:03:28 - Roth IRAs for kids (aka custodial Roth IRA)
0:06:15 - 529 accounts
0:07:25 - Coverdell ESAs
0:09:45 - UGMA/UTMA brokerage accounts
0:11:40 - Pros & cons of each account
0:15:25 - Tips to encourage kids to save/invest
__________
***FREE TRAINING: The 3 Secrets to Investing in Times of Uncertainty
How to build wealth on autopilot, even if you're scared, totally confused by financial jargon, and tend to get stuck in “analysis paralysis”.
https://www.rosehan.com/investing ← SIGN UP HERE
__________
***BOOKS I RECOMMEND***
I Will Teach You to Be Rich (hilarious how-to book on personal finance for millennials)
https://amzn.to/2VbJ1Pt
The Little Book of Common Sense Investing (Jack Bogle's classic advice on index funds)
https://amzn.to/32ewzjj
InvestED (step-by-step, millennial-friendly advice on how to pick stocks like Warren Buffett)
https://amzn.to/2SLTYpn
Unshakeable (this book = courage. blast ALL the fears & misconceptions you have about investing)
https://amzn.to/2SKyklt
Rich Dad Poor Dad (#1 selling personal finance book of all time... need I say more?)
https://amzn.to/2SJ6vtx
Think and Grow Rich (the ultimate book on money mindset and wealth consciousness)
https://amzn.to/37N2adc
__________
DISCLAIMERS & DISCLOSURES ❤
This content is for education and entertainment purposes only. Rose does not provide tax or investment advice. The information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and might not be suitable for all investors. Past performance is not indicative of future results. All investing involves risk, including the possible loss of principal.
This description contains affiliate links that allow you to find the items mentioned in this video and support the channel at no cost to you. Investing With Rose is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to www.amazon.com. Thank you for your support!
__________
SAY HI ON SOCIAL:
Website: https://www.rosehan.com
Instagram: http://instagram.com/investingwithrose
TikTok: https://www.tiktok.com/@investingwithrose
Twitter: https://twitter.com/hellorosehan
Facebook: https://www.facebook.com/investingwitrose
https://youtu.be/YCBf1lUQMyg
Видео Investing For Kids (HOW TO GIVE THEM A HEAD START) канала Investing With Rose
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
How Two Sisters Grew a $16,000 Stock Portfolio By Age 11 & 13 By Investing With Custodial AccountsChild Savings Account UTMA UGMA accountsThe 6 Accounts EVERYONE Needs For Financial Freedom (OPEN THESE TODAY)10 Things The RICH Teach Their Kids About MONEYOur 3 Year Old's UGMA Account | Investing 101Make your Kids Wealthy | 3 Easy Ways You Can Easily Investing For Your Kids Future TodayCramer explains why investing for kids can have a huge payoffBest Roth IRA Investments (3 STRATEGIES THAT WORK)6 Proven Ways To Survive The Next Market CrashFidelity Index Funds For Beginners (DETAILED TUTORIAL)Custodial Roth IRA for Your Child? Good Idea?Inflation Is Coming, Do This!Dave Ramsey's 7 Baby Steps (A CLEAR PATH TO FREEDOM)STORY TIME: I Opened Roth IRAs for My Kids 😮 | MAJOR MONEY HACKHow To Retire In Your 30s (MY PLAN!)The TRUTH About an HSA For Financial Independence - Health Savings Account InvestingInvesting in CUSTODIAL account for KIDS5 Passive Income Investments You Can Make With $1000 (BEGINNER-FRIENDLY)7 Financial Goals to Achieve In Your 30s (ADULTING 101)