Non-retirement reasons to invest in a Roth IRA {PFP Section}

Guest:  Kelley Long, CPA/PFS

The flexibility and advantages of Roth IRAs makes them highly desirable for planning that goes beyond retirement funding. In this episode of the PFP Section podcast, Kelley Long, CPA/PFS, discusses situations where it may make sense to use a Roth IRA, including:

• Getting around the psychological barrier for clients who don’t want their money tied up until age 59 ½
• Serving as an alternate emerging savings fund
• Funding first time home purchases
• Setting up a supplemental education savings account

Note that this episode was recorded prior to the effective date of SECURE 2.0 which allows for 529 funds to be rolled into Roth IRAs in certain circumstances.

 

Access resources related to this podcast: Note: If you’re using a podcast app that does not hyperlink to the resources, visit https://pfplanning.libsyn.com/pfp to access show notes with direct links.

• Learn about the option to roll excess 529 plan funds into Roth IRA accounts in this podcast with Ross Riskin, CPA/PFS

This episode is brought to you by the AICPA’s Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online at www.aicpa.org/pfp to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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