Parents often wonder whether it makes sense to open an IRA for a young child. In most cases, it’s a good idea and can help a youngster learn about handling money and save for retirement at the same time. And in most every situation when you want one for a child, you should opt for […]
Are IRAs Always a Smart Choice?
For some unknown reason, the vast majority of working adults seem to think that Individual Retirement Arrangements (IRAs) are the gold standard of financial planning. So beloved are IRAs that virtually everyone you talk to either has one or plans to open one as soon as possible. What is it about them that makes them […]
4 Ways IRAs Help Build Wealth Faster
Many people do not realize that having an individual retirement account (IRA) could mean the difference between struggling to get by and enjoying financial freedom. It is not uncommon to hear nowadays that many Americans have little to no savings and many families are uncertain about their financial future. The good news is IRAs offer […]
Open a Roth IRA For Your Children
While many teens had no luck finding a summer job last summer, the fact is that if you would have opened a Roth IRA account for them and contributed as much as possible, and then did the same from the time they were 16 until they turn 21, that small investment would turn into a […]