#139 FutureMoney

Pitch

Phil Barrar, founder of FutureMoney, aims to help parents create generational wealth for their children through the Junior Roth IRA™. He highlights the financial struggles of millennials and the lack of tax-advantaged accounts for minors. FutureMoney's platform allows parents to make small, regular contributions to secure their children's financial future 1.

A $5, $10, or $15 weekly contribution for the first 18 years of your child's life could be a multi-million dollar retirement account for them later on.

--- Phil Barrar

Phil's previous success with a $65 million exit and his fintech expertise bolster his new venture's credibility 2.

   

Junior Roth IRA

The Junior Roth IRA™ leverages recent regulatory changes to offer tax-free growth without the need for earned income. Phil Barrar explains the complex rollover process from a 529 plan to a Roth IRA, which FutureMoney automates for ease of use. This product aims to make investing accessible to all families, regardless of income 2.

We offer today the Junior Roth IRA, which is the 529 cash and Roth IRA account in one.

--- Phil Barrar

The platform also provides traditional brokerage accounts and IRAs, catering to a wide range of financial needs 3.

   

Investor Feedback

Investors were impressed with Phil's deep understanding of his business and competitors. Elizabeth Yin committed $150k, citing her confidence in Phil's expertise and the product's potential. Charles Hudson and Cyan Banister4.

If there's somebody who's gonna win in this space, I think it's you.

--- Cyan Banister

The investors' feedback underscores the market's readiness for innovative financial products like FutureMoney 5.