Roths 1
June 18, 2019
I’m Miriam Neff-with STARTING OVER FINANCIALLY, and I’m Valerie Neff Hogan, and we’re here to talk about money
M God instructs us to plan for the future, save for rainy days. Adults save for later years, post employment. We invest wisely. Young adults think those vintage years are a far away thing, so why plan?
V A great teaching tool is the Roth IRA. Parents and grand parents can contribute post tax dollars to an account for that person who is earning money, but not yet saving. Later taking returns, all gains are untaxed. A great benefit.
M Its delightful to meet with your grandchild and go over the portfolio, compare and pick stocks, and watch growth. The educational benefit is great. They learn the value of investing, see the example of generosity, and the value of growing and multiplying talents.