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


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

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