How To Contribute To My Child’s Roth IRA Using a 529 Plan?

Financial Advisor John-Mark Young of @whitaker-myerswealthmanage2043 answers the question from David in Huntington, West Virginia, who asks, “I’d like to make a contribution to my child’s Roth IRA but he’s only six. I just ran some numbers on what a small contribution could look like, over the next sixty years and the compound interest is incredible, even on just a small amount of money. Based on my research, I can’t contribute to a Roth IRA for him because he doesn’t a have any income at his young age. Any way I can work around this?” Name and locations may have changed to protect privacy.Email your questions to: [email protected] This video series is in the heart of @TheRamseyShow and @TheRamseyShowEpisodes We love Dave Ramsey and his team and how they teach individuals and families to live and give like no one else. https://www.whitakerwealth.com/