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Money Girl

Can I Start a Roth IRA for My Child?

Money Girl

Macmillan Holdings, LLC

Investing, Education, Business, Entrepreneurship, How To

4.61.8K Ratings

🗓️ 23 August 2024

⏱️ 10 minutes

🧾️ Download transcript

Summary

Laura answers a listener's question about starting a Roth IRA for teenage children who work part-time jobs.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everyone welcome back to Finance Friday another special edition of

0:08.9

Money Girl where I answer your burning money questions today's topic comes from Marietta who says,

0:15.5

I have teenage children who work part-time jobs.

0:18.8

Can I start a Roth IRA for them?

0:22.0

Thanks for your question, Marietta. You're very wise to be thinking

0:25.2

about helping your kids invest for their futures with Roth IRAs. This

0:29.5

podcast will review legitimate ways my nurse can have a retirement account and take advantage

0:35.2

of a Roth's terrific tax savings. Welcome back everyone. Thanks for joining me. I'm

0:40.5

Laura Adams, an award-winning author, finance spokesperson, money speaker,

0:45.0

founder of the Money Stack newsletter and host of Money Girl with 43 million

0:50.3

downloads. My mission here is to help you get the knowledge and

0:53.5

motivation to prioritize your finances, build wealth, and have more security and

0:58.7

less stress. If you're getting value from the show, remember to send some love with a five-star rating or a review

1:06.1

on Apple Podcasts, Spotify, or wherever you listen.

1:10.3

And if you have a money question you'd like me to cover, I'd love to hear it.

1:14.1

You can leave it on our voicemail line at 302, 364, 3308.

1:20.7

You can also send me an email using my contact page at Laura D

1:24.4

Adams.com and while you're there be sure to sign up for the free money stack

1:29.2

newsletter again that's at Laura D Adams. Come.

1:33.2

All right, so let's talk about what is a Roth IRA.

1:36.8

If you've been a Money Girl podcast listener

1:39.0

or you've read any of my books,

...

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