Скачать или смотреть 🚨 3 accounts that can help set your child up for future financial success.

✅ #1 The Custodial Brokerage Account: This is your child’s first introduction to capital gains tax.

✅ You can open it in their name and invest in it while they grow up.

✅ By the time they turn 18, they’ll have control over it.

✅ This account could help with a down payment for their first home, start a new business, or cover educational expenses.

✅ #2 The Custodial Roth IRA: Thinking about retirement for your child might seem unusual.

✅ However, if they have real earned income, this is a fantastic way to turn their summer job earnings into decades of tax-free growth.

✅ Just ensure they are doing real work; the IRS is strict about that.

✅ #3 The 529 Plan: You can fund this account with up to $95,000 per parent tax-free in the first year.

✅ Even contributing $100 a month can add up nicely for tuition.

✅ If they decide not to go to college, you can change the beneficiary, even to yourself.

✅ Additionally, you can roll up to $35,000 of unused funds into a Roth IRA.

✅ These accounts give your child options and freedom, whether they choose to work, go to school, or start a new business venture.

#trust #investment #financialliteracy #estate #wealth