Timothy Sumer

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 ***ATTENTION: I have a new Instagram and TikTok handle @itsrosehan *** That's my official account, and I will NEVER message you about investment schemes, so please be careful and block & report any scammers posing as me. TIMESTAMPS 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

#personalfinance #rothira #custodialrothira #financialeducation #financialfreedom Let's not keep this a secret anymore. If they have earned income, I believe every child should have a Roth IRA. Let's improve the financial future of our children. Looking to give your child a leg up on their financial future? Help them open and fund a custodial Roth IRA. Watch the entire video to learn more. 👉 ⬇️ DISCLAIMER : Celestial Wealth Management, LLC is registered as an investment adviser in the State of Maryland and Texas. Neither the information nor any opinion constitutes an offer or an invitation to make an offer, to buy or sell any securities or other financial instruments. This video is not intended to provide personal investment advice and it does not take into account the specific investment objectives, financial situation and the particular needs of any specific person. Investors should seek financial advice regarding the appropriateness of investing in fi

Have you heard about the life-changing benefits of a Roth IRA for Kids? Dee from Kids Money Academy shares why a Roth IRA for Kids is so great and how to hire your kids in your business! CHAPTERS 0:00 Intro 1:40 How is a Roth IRA for kids different than a traditional Roth IRA? 2:25 How early can your start investing in a Roth IRA for your child? 3:45 How do you prove earned income to the IRS? 5:53 3 Ways Your Child Can Make Money 7:00 What is considered a reasonable wage? 9:00 Ways to Include Your Child in Your Business 11:40 What is the impact of investing early? 13:38 Information About Kids Money Academy #RothIRAforKids #CustodialRothIRA #HireYourKids #KidsMoneyAcademy #FamilyFinance #PersonalFinance RESOURCES Wanna Hire your Kids and start a Roth IRA for Kids? Check out Dee's resources here GUEST BIO - Dee from Kids Money Academy As a CPA and Finance Instructor at UCLA, having conversations with other adults about money comes naturally to Dee. She founded

We're an investing service that also helps you keep your dough straight. We'll manage your retirement investments while teaching you all about your money. #retirement #retirementplanning #dohstr8 ---Ready to subscribe--- For more information visit: --- Instagram @jazzWealth --- Facebook --- Twitter @jazzWealth Business Affairs 📧Support@JazzWealth.com... ( read more ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Account TRANSFER IRA TO SILVER: Silver IRA Account REVEALED: Best Gold Backed IRA A Roth IRA is a great way to start saving for your children's future. But before you open a Roth IRA for your kids, there are a few things you should consider. First, you should make sure your children are old enough to open a Roth IRA. Generally, you must be at least 18 years old to open a Roth IRA, so if your children are younger than that, you’ll need to wait until they’re old enough. Second, you should make sure your chil

🏦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 ) LEARN MORE ABOUT: IRA Accounts TRANSFER IRA TO GOLD: Gold IRA Accou

Here's an overview on how to start a Roth IRA for you child. Enjoy! So here are all the sites and resources I mentioned in this video: 👇 I really appreciate everyone who hits Subscribe and leaves a Comment on one of my videos. SUBSCRIBE HERE 👇 Rich Smith's official website: Blog Post & Podcast: You can follow me on Instagram, TikTok, Twitter @ RichSmithEDU 🎧 Apple Podcasts - 🎧 Spotify - Also, you can join our private Facebook community @ 📱 SCHEDULE A ONE ON ONE CONSULT CALL WITH RICH SMITH: 💳 FEATURED CREDIT CARDS: ✅ CREDIT SESAME Check your credit score for free NO Credit Card required: 🏦 PERSONAL CAPITAL SMART WAY TO TRACK YOUR FINANCES: 💸 M1 FINANCE Buy fractional shares of stocks: 💸 Get FREE STOCKS on WEBULL when you deposit $100: 💻 QUICKBOOKS ONLINE save up to 50%: 📔 BENCH ACCOUNTING Free trial: 🗂 GUSTO PAYROLL Try 1 Month Free: 📋 FRESHBOOKS INVOICING & BILLING: ⚖️ FREE Budget Calcula