I had a conversation recently with a friend. It was so great I thought I had to share with the blogosphere. This post is about how you can open a Roth individual retirement account (IRA) for your child to launch them into the wealthy stratosphere. These accounts are referred to as custodial or minor RothContinue reading “Make Your Child a Millionaire with One Simple Tool”
Category Archives: Investing
Hey You! Adjust Your Retirement Contributions!
Adjust your 401k/457/403b Contributions in Time for the New Year The limit for employee contributions to 401k/403b/457 accounts has increased! In 2019 and 2020, the max an employee could contribute to the aforementioned tax-advantaged accounts was $19,500. For 2022, this amount will increase to $20,500! This amount does not include employer matching, so your employerContinue reading “Hey You! Adjust Your Retirement Contributions!”