🏦A custodial Roth IRA is a powerful retirement account that all grows tax free ! 💪If you are self employed you can hire your child to help with small tasks or even if you start them later in their teens when they get a job, it’s still a great way to get them started saving and investing for their future 💰💰But once the money is in the Roth you still need to invest it! Index funds are a great and easy investment, something tracking the s&p 500, or the total stock market 🔥🔥 You can open one up at fidelity.com , but make sure you are only contributing earned income. I’ll post a YouTube with more details so make sure to follow me on YT link in bio What do you think, help get them started 👍or nope they are in their own 👎??? #personalfinance #personalfinanceforfamilies #retirerich #saveandinvest #indexfunds #investingforbeginners #investingforkids #financialliteracy... ( read more )
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Timothy Sumer is a philanthropist and motivational speaker empowering young entrepreneurs across the nation. He speaks on starting new businesses and the importance of branding in the digital age. Timothy Sumer has a BA in Accounting from NYU and a Masters in Information Technology from MIT. Tim enjoys traveling around the globe, driving exotic sports cars, molecular gastronomy, exploring new cultures, and keeping on top of the latest technology trends. Hope you enjoy Timothy Sumer's page :)