I've been in a similar boat. Investing for kids while managing retirement accounts can be challenging. It might be worth exploring options to diversify investments within your 401k to include provisions for your children's future.
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K
My children are done with college, which I helped them pay for. Now is my time to enjoy my life after 40 years as a nurse who worked full time. Informative video for younger parents (than me)
You’ve been giving me podcast vibes lately. I need a longer conversation from you on these topics sometimes. Thank you for the work you put into your videos.
Right on time! I am looking to roll my now adult son's 529 plan over to his own Roth IRA. I will definitely look into these UGMA/UTMA for my littles ones. Thanks for the information as always!! You always present the material in an easy and understandable way!
Thanks so much for this video! I never heard of any of these and it did go over my head a bit. Can you do a video explaining the other options you mentioned or breaking down a little bit more?
What kinda things are you doing with your kids to build their financial literacy? The budgetnista mentioned in an interview how her dad would hold weekly money talks and I thought that was such a good idea.
Investing for kids is a wise choice for securing their financial future.
I've been contemplating investing for my kids' future, but I'm unsure how to incorporate it into my existing retirement accounts like my 401k
I've been in a similar boat. Investing for kids while managing retirement accounts can be challenging. It might be worth exploring options to diversify investments within your 401k to include provisions for your children's future.
It's smart
My wife and I live off of our 401K. We don't work. I recommend highly to everyone to build your 401K or Roth IRA's as an alternate revenue stream in retirement to your Social Security. An observation on 401K's is when it gets over 300K it starts to accelerate. When you get over 500K
What strategy?
I have been checking daily to make sure that I did not miss your video. Sometimes UA-cam does not notify me.
I think it’s like that with a lot of channels unfortunately
My children are done with college, which I helped them pay for. Now is my time to enjoy my life after 40 years as a nurse who worked full time. Informative video for younger parents (than me)
You’ve been giving me podcast vibes lately. I need a longer conversation from you on these topics sometimes. Thank you for the work you put into your videos.
Right on time! I am looking to roll my now adult son's 529 plan over to his own Roth IRA. I will definitely look into these UGMA/UTMA for my littles ones. Thanks for the information as always!! You always present the material in an easy and understandable way!
Right on time 😊
I like how your putting a cap of 10,000 for each kid. I didn’t look at it that way but now I’m thinking about a cap as well. Thank you 😊
Thanks so much for this video! I never heard of any of these and it did go over my head a bit. Can you do a video explaining the other options you mentioned or breaking down a little bit more?
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“What if they become a drug addict”. I think that’s one of our biggest fears.
What kinda things are you doing with your kids to build their financial literacy? The budgetnista mentioned in an interview how her dad would hold weekly money talks and I thought that was such a good idea.
The account becomes the kid’s at 21 in Mississippi.
Don't tell them you have savings for them
Hi friend
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