Introduction: This is a tiktok video published by Addison Jarman. The video has now received more than 2.4K likes, 37 comments and 625 shares. It is deeply loved by fans. The following is the specific data and similar videos. Address, you can complete the operation on this page by clicking play or bookmarking the video.
🤑 A custodial Roth IRA is a retirement savings account that parents or guardians can open for a child who has earned income. Here's some key information about it: 👉🏼Eligibility: The child must have earned income from a job or self-employment to contribute to a Roth IRA. This could be income from babysitting, lawn mowing, or other types of work. 👉🏼 Until the child reaches the age of majority (usually 18 or 21, depending on the state), the custodian (typically a parent or guardian) manages the account on behalf of the child. Once the child reaches the age of majority, they gain control of the account. 🚨 Consult with a financial advisor or tax professional to ensure that a custodial Roth IRA is the right choice for your child's financial future and to understand all the rules and implications involved.
Duration: 62 sPosted : Sun, 07 Apr 2024 18:22:44Views
49.6KDaily-
Likes
2.4KDaily-
Comments
37Daily-
Shares
625Daily-
ER
6.25%Daily-
Latest Videos
Similar Videos
Watch moreMore Videos
Watch more