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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 ...
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 :)