menu

In the News

HELPING YOUNG WORKERS OPEN A ROTH IRA

By Kim Lankford – Kiplinger Personal Finance.

It’s never too early for kids with part-time or summer jobs to contribute to a Roth IRA. Even a small investment now can turn today’s teen into a millionaire by retirement, reports Kim Lankford for Kiplinger Personal Finance. Anthony LaBrake, CFP® from Adam Financial Associates, spoke to Kim about how kids can get a serious head start on saving using their summer or part-time job earnings and opening a Roth IRA. “This helps them get a jump on retirement savings and also acts as a sort of secondary emergency fund, since they can withdraw from a Roth up to their basis without penalty,” he told Kim. (Read the full article here)

26 Mar, 18