The Roth IRA for Children: Multigenerational Wealth Planning

Haug, Mark G.; Cichelli, Adrienne G.
May 2009
Journal of Financial Planning;May2009, Vol. 22 Issue 5, p58
Academic Journal
The article discusses Roth individual retirement accounts (IRA) that are established for children. Specific topics that are discussed within the article include a history of Roth IRA, the way in which money can be contributed to a child's Roth IRA and the benefits of a child having a Roth IRA. The author states that tax benefits exist for parents and grandparents who contribute money to a child's Roth IRA. Comparisons are given between tradition IRA and Roth IRA. The extent that money contributed to a child's Roth IRA can compound over time is discussed.


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