Investing for Kids
Sean discusses the nuances between UGMA and UTMA accounts, highlighting the importance of checking with financial institutions, especially in states like Vermont and South Carolina. Brad emphasizes the potential of a Roth IRA for kids, explaining how even if they have earned income, contributions can be flexible and funded through gifts or matches, allowing for significant compounding growth over time.In this clip
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447 | Mailbag: Breaking up with your Advisor, I Bonds, 4% Rule, Accounts for Kids, Roth IRAs |...
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