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284. The Triple Tax Benefits of Paying Your Children

Tax Smart Real Estate Investors Podcast

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Roth IRAs for Kids: A Smart Savings Strategy

This chapter explores the benefits of moving children's earnings into a Roth IRA, emphasizing unique tax advantages and the potential for tax-free growth. It compares Roth IRAs with 529 plans, highlighting the flexibility and control Roths offer for future expenses. Additionally, the speakers discuss the importance of proper job documentation for children in family businesses to ensure compliance with regulatory standards.

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