Episode 102: Investment Friday - How Can My Child Benefit From Having a Roth IRA Account?

If you have children, you are probably aware of the typical accounts that are available to save for their future. However, if you are also a business owner, there is a very unique option that you may not know about: a Roth IRA! In this solo episode, Hannah Chapman, CFP, APMA, CRPC, breaks down the pros and cons of different savings accounts, showing why a Roth IRA can truly be a game-changer for your kids' future. But first… a market update How much should I expect college to cost for my children? What are the pros and cons of 529, UTMA/UGMA, and Coverdell IRA savings accounts How can I open a Roth IRA for my child while they are a minor? Does it matter if my business is set up as an S-Corp vs. an LLC? How can my child withdraw funds without penalties and taxes? Connect with Hannah here: X² Wealth Planning Website: https://x2wealthplanning.com/ Instagram: https://www.instagram.com/hannah.chapman.cfp Facebook: https://www.facebook.com/hannahchapmanfinancialadvisor/ LinkedIn: https://www.linkedin.com/in/hannahrchapman/ Expansive CEO Website: https://expansiveceo.com/freegift