When our kids started working, we made a deal with them. We wanted to help them get a good financial head start, so we opened Roth IRAs for them. We also worked out a plan to help them contribute as ...

Technically, any parent can open a Trump Account for their child. But only children born after Dec. 31, 2024, and before Jan.

Shannon Liu Shair and her husband started saving for college for their children when they were born. She puts money into 529 plans and custodial Roth IRAs for both of them. The 529 plans have around ...

Parents need better ways to transfer wealth to children and effectively grow that money in the most tax-efficient manner ...

People from different walks of life need different types of IRAs. With a spousal IRA, it's possible to build a retirement account of your own, even if you're not working. A Roth IRA for kids allows ...

If you want the flexibility to be able to tap into your retirement savings if needed, the Roth IRA is your best bet. You can ...

You don’t need to be rich, but you do need to be intentional with your financial plans to set your kids up for life. Strategic financial moves early on — like setting up a 529 account or custodial ...

Both accounts provide benefits, but your future financial situation plays a big role in determining which makes sense for you.

Question: “I want to save more money on my taxes. My wife and I have W2 incomes, no kids and no dependents. I have invested in a 401(k), HSA and Roth IRA. What other ways can we save on taxes? Should ...

Roth IRAs are among the best retirement accounts available because of their unique tax break. Instead of contributions being deductible like a 401(k) or traditional IRA, contributions are made after ...

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There are not nine separate types of individual retirement accounts (IRA), but there are at least nine clear doorways that lead to IRAs. For example, there's no retirement account specifically called ...