TITLE

The Roth IRA for Children: Multigenerational Wealth Planning

AUTHOR(S)
Haug, Mark G.; Cichelli, Adrienne G.
PUB. DATE
May 2009
SOURCE
Journal of Financial Planning;May2009, Vol. 22 Issue 5, p58
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
39750936

 

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