How to Get Your Kids to Start Investing

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Investing, Education, Business

4.7 • 3.1K Ratings

🗓️ 20 March 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

We all understand how powerful investing is - but how do you get your kids to start on that investing journey for themselves? We'll walk you through that question and more in today's Q&A episode! Watch more exclusive content only on YouTube! Visit our website - Get our FREE financial resources - Check out our course, Know Your Number! - Sign up for our Financial Order of Operations course - Get easy to understand answers to your financial questions Follow us on social media! -Instagram -Twitter -Facebook -TikTok Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Question from Frank is up next.
0:10.1	He says, is there an ideal ratio of Roth traditional and taxable investments?
0:16.2	Currently I'm at critical mass level with 20, 60, 20.
0:21.3	Thanks.
0:22.3	Yeah, we get asked this question all the time.
0:25.0	I guess if you'd gave us our druthers, what would we prefer?
0:29.4	I don't know.
0:31.2	We talk about the three buckets, our three buckets that we talk about in the accumulation
0:36.0	phase.
0:37.3	It'd be great to be 33.33.33.33.33.
0:41.0	Because that way you have all this flexibility you can pick and choose.
0:44.1	I disagree.
0:45.1	I think we...
0:46.1	50% Roth, 50% taxable.
0:49.7	80% Roth, 20% after tax brokerage account.
0:53.8	You know what, I don't even know you anymore.
0:55.8	I agree.
0:56.8	I agree.
0:57.8	It'd be wonderful to have all this tax-free money.
1:00.1	It'd be wonderful to have all this after tax money.
1:02.6	But in reality, for most of us, as we're building our wealth, as we're going our wealth,
1:07.0	we have to kind of dance with the one that brung us.
	...

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