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ROTH IRAs for Millennials

It’s Marci taking a turn on the blog this week.  Do you have teenagers or millennials in your family?  As New Year’s resolution time nears, how can we help our children and grandchildren get on the path to financial security in 2017?  In our opinion, the single best piece of advice is to open a ROTH IRA.  Teens and millennials get the benefit of decades of tax-free growth and tax-free withdrawals for their own retirement.  The only requirement to open a ROTH is taxable income and you can fund it for them or match their contribution.  A different kind of holiday gift than a gift card!   How can we help?   In addition to opening the ROTH for them and selecting the investment, we can provide them a separate quarterly financial chart, so they can see their own investment growing over time.  Call or email us if we can help get them started investing for their own futures!

Charles Morell