AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Personal Finance Podcast
The Best Accounts for Kids, Social Security in Retirement, and How to Block Spam Texts - Money Q&A
May 27, 2024
Discover the best accounts for kids, whether to factor in Social Security for retirement, and techniques to block spam texts in this informative podcast. Learn about investing for teens and tackling retirement planning mistakes. Explore the importance of Social Security in financial independence and strategies to protect against spam texts and robocalls.
38:44
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Consider custodial Roth IRA for teenagers to save and grow money tax-efficiently.
- Factor Social Security benefits when setting financial independence goals for retirement planning.
Deep dives
Investing Options for Minors
Parents inquire about investment options for their 14-year-old daughter who has saved $7,000 from waitressing. The custodial Roth IRA and custodial brokerage accounts are recommended due to their flexibility and tax benefits for minors. Considerations include managing money for long-term growth and planning for financial success.
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode