"Tiktok - From 529 to Roth IRA: Best Investment Options for Kids"

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Are you looking for the best way to set your kid up for financial success? Well, thanks to a viral TikTok video, we have a new option to consider - the 529 turned Roth IRA. First, let's break down what each of these investments are. A 529 plan is a tax-advantaged savings plan specifically designed to pay for future education expenses. A Roth IRA, on the other hand, is an individual retirement account that allows you to save for retirement while also providing tax-free growth and withdrawals. The TikTok video, posted by user @moneywithmaggie, suggests that parents can maximize the benefits of both by initially investing in a 529 plan and then rolling it over into a Roth IRA once their child has completed their education. So, what are the advantages of this strategy? One of the biggest benefits is flexibility. With a 529 plan, the money must be used for qualified education expenses, or you'll face penalties and taxes. However, by using a Roth IRA, there are no restrictions on how the money is used - meaning your child can use it for anything from starting a business to buying a home. Additionally, a Roth IRA can provide even greater long-term financial benefits than a 529 plan. Roth IRAs have no required minimum distributions, meaning the account can continue to grow tax-free for the rest of the account holder's life. This can be particularly beneficial for young investors who have many years of growth potential ahead of them. It's important to note that there are some limitations and considerations to keep in mind when rolling over a 529 plan into a Roth IRA. For example, there are income limitations to how much you can contribute to a Roth IRA, and you'll need to pay taxes on the earnings you're rolling over from the 529 plan. So, is the 529 turned Roth IRA the best investing option for kids? It may not be the right choice for everyone, but it's certainly worth considering. With the potential for greater long-term benefits and flexibility in how the money is used, it's a strategy that may help set your child up for financial success. https://inflationprotection.org/tiktok-from-529-to-roth-ira-best-investment-options-for-kids/?feed_id=90000&_unique_id=64429e077b3b7 #Inflation #Retirement #GoldIRA #Wealth #Investing #budgeting #crushingdebt #earnmoney #finacialfreedom #FinancialIndependence #personalfinance #sahm #SaveMoney #scrunchymama #trackingexpenses #RothIRA #budgeting #crushingdebt #earnmoney #finacialfreedom #FinancialIndependence #personalfinance #sahm #SaveMoney #scrunchymama #trackingexpenses

"Is Birch Gold Group a Reliable Choice for Your 2023 Gold IRA Investments?" - A Quick Review #shorts

In this Birch Gold Group review video, I go over what makes this Gold IRA company unique, the pros and cons, their fees, minimums, and much more. Get their free guide here: 👉 FREE Resources: ➜ Gold IRA Company Reviews: Birch Gold Group boasts high ratings from consumer advocate groups. With an A-plus rating from the Better Business Bureau, a triple-A rating from the Business Consumer Alliance, and high marks from Trust Link, Trustpilot, and Google Business, Birch Gold is a top choice to trust your hard-earned retirement savings. Birch Gold Group’s low initial investment minimum is another edge it has over its competitors whose minimums can range from $25,000 to $50,000. A beginning $10,000 minimum investment is all that is required to start a GOLD IRA with Birch which is advantageous for first-time investors. Spanning nearly two decades, Birch Gold Group’s mission and philosophy focus on a commitment to understanding your needs and finding the right fit for you. Their

New York Times Company Continues to Add Online Subscribers at a Steady Clip

Business News by Timothy Sumer - The company’s first quarter results showed total paid subscriptions reaching 4.5 million. Online ad revenue rose 19 percent, to $55 million, thanks, in part, to “The Daily” podcast. from NYT > Business https://nyti.ms/304QC2w via Timothy Sumer

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom

Should I Rollover My 401k to an IRA? YES! #shorts #retirement #financialfreedom Should I Rollover My 401k to anIRA 🤔 || 401k to IRA Rollover Pro's & Con's In this video, I want to talk about rolling over your 401k to an IRA Rollover and if that makes sense for your retirement planning . I want to look at the pro's to rolling over a 401k and also the con's to rolling over a 401k. When you should rollover your 401k to an IRA and when you should NOT rollover your 401k to an IRA. Let's talk about when you should NOT rollover your 401k to an IRA: 1. You are still working and are under the age of 59.5 2. You are 55 and considering retirement (Rule 55) 3. Increased creditor protection in a 401k 4. 401k's offer loans--IRA's do not offer loans Why you SHOULD rollover your 401k to an IRA 1. More investment choices in IRA over 401k 2. Lower investment fees 3. Convert IRA to Roth IRA (Roth IRA Conversion) 4. Consolidation from multiple 401k'

Timothy Sumer

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