This strategy will help you teach your kids to start saving for retirement early in life. In this video, I walk you through how to set up a custodial Roth-IRA account for your children and guide them in making contributions. If you implement this strategy correctly, your children should have millions in savings for retirement and they won't have to pay a dime in taxes on that money.
The strategy also teaches your children valuable life lessons by having them learn the importance of hard work and investing their money early in life.
Video Contents
00:00 - How the Strategy Works
04:06 - Requirements for the Strategy
06:36 - Example of How to Use Strategy to Have $14M by Age 65
12:40 - Examples of Types of Qualifying Activities
⚠️ Exercise caution before using this strategy. Do your own research and make sure you fully understand the risks you are undertaking!
💡 I do not work with clients or offer any consulting services. If you want to learn more about the best tax and investment strategies, subscribe to my channel and check out these courses ▶️ sharonwinsmith.com/courses/
The information provided in this video is owned by Winsmith Tax LLC and is solely for informational and educational purposes. It is not intended as investment, legal, or financial advice. Always consult with a professional familiar with your unique situation, or conduct your own research before making any decisions. We might receive commissions for recommending certain products or services.
9 июл 2024
