EPISODE · Jul 20, 2026 · 27 MIN
How a Roth IRA for Your Child Could Be the Best Financial Gift You Ever Give
from Five Minute Finance
A child's first summer job can become far more valuable than a paycheck when paired with a Roth IRA. Join us this week to learn who qualifies, how custodial Roth IRAs work, contribution limits for 2026, why parents can fund the account even if kids spend their earnings, and how decades of tax-free compounding can turn relatively small contributions into life-changing retirement savings. It also covers documentation requirements, options for younger children, and practical ways to use the account as a financial education tool.Find out more about Mike at https://www.mortonfinancialadvice.com and connect at https://www.linkedin.com/in/mwsmorton/
Embed this episode
NOW PLAYING
How a Roth IRA for Your Child Could Be the Best Financial Gift You Ever Give
No transcript for this episode yet
Similar Episodes
No similar episodes found.