The Money with Katie Show Rich Girl Roundup: The Best Investing Hack for Kids
Oct 30, 2023
A podcast discusses the powerful investment strategy of a custodial Roth IRA for securing a child's future, comparing it to 529 accounts. It explores the requirements for kids to have earned income for investing and the potential benefits of parental matching contributions. The podcast also emphasizes the benefits of teaching children about money and investing from a young age.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
Investing for a Child's Future with a Custodial Roth IRA
02:16 • 3min
Comparison of 529 Account and Custodial Roth IRA
04:47 • 3min
Requirements for Kids to Have Earned Income for Investing and the Possibility of Parental Match
07:24 • 4min
Teaching Kids about Money and Investing
10:58 • 5min