There are no age restrictions on contributing to a Roth IRA, so the interest and dividends on a child’s retirement contributions can also grow federally tax-free. You can even super-charge their savings with matching contributions, and teach them the power of compound interest. John Walker, Regional Vice President, Mercer Advisors, welcomes Tim Joseph, Mercer Advisors’ CERTIFIED FINANCIAL PLANNER™ professional and CPA, to discuss the many benefits of a very early start to retirement planning with a Roth IRA for your son or daughter.
Listening Time: 22 minutes
Additional Mercer Advisors Disclosure
Cordasco Financial Network is a tradename. All services provided by Cordasco Financial Network investment professionals are provided in their individual capacities as investment adviser representatives of Mercer Global Advisors Inc. (“Mercer Advisors”), an SEC-registered investment adviser principally located in Denver, Colorado, with various branch offices throughout the United States doing business under different tradenames, including Cordasco Financial Network.
Mercer Advisors is not a law firm and does not provide legal advice to clients. All estate planning document preparation and other legal advice are provided through Advanced Services Law Group, Inc.