This chapter explores custodial Roth IRAs for children, highlighting how a child's earned income allows for direct contributions regardless of parental income. It also discusses strategies like 'parental match' and the benefits of employing children in an LLC for tax advantages.
Today on the podcast we are talking about how to help your kids build wealth by funding Roth IRAs, HSAs, 529s, and employing them in your business. We also tackle questions about using brokerage accounts to get an attractive yield on cash, cash management accounts, and how to make sure you get your full match when you have a mandatory 403b contribution.
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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor is for you!
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