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Episode 153: Starting Your Kids on the Path to Retirement

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Manage episode 329916186 series 1404006
Content provided by Steven J. Richardson, Esq. and Steven J. Richardson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steven J. Richardson, Esq. and Steven J. Richardson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In the past two episodes, I have talked about financial education for our children and instilling them with a basic working knowledge and literacy when it comes to money. I also discussed in Episode 136 about how you should start saving for retirement in your 20s and how it can be done.

But what if you started earlier than that? What if our kids started saving for retirement even before they graduated from high school? In this episode of the podcast, I will talk about how parents can help their children start saving for their retirement and get the earliest start doing it.

In this episode you will learn:

  • Why starting your child in saving for retirmenet is a good idea
  • Why a Roth IRA is a better choice
  • How to set up the IRA
  • How to fund the IRA
  continue reading

161 episodes

Artwork
iconShare
 
Manage episode 329916186 series 1404006
Content provided by Steven J. Richardson, Esq. and Steven J. Richardson. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Steven J. Richardson, Esq. and Steven J. Richardson or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

In the past two episodes, I have talked about financial education for our children and instilling them with a basic working knowledge and literacy when it comes to money. I also discussed in Episode 136 about how you should start saving for retirement in your 20s and how it can be done.

But what if you started earlier than that? What if our kids started saving for retirement even before they graduated from high school? In this episode of the podcast, I will talk about how parents can help their children start saving for their retirement and get the earliest start doing it.

In this episode you will learn:

  • Why starting your child in saving for retirmenet is a good idea
  • Why a Roth IRA is a better choice
  • How to set up the IRA
  • How to fund the IRA
  continue reading

161 episodes

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