When talking to younger kids I recommend talking about planting a tree. If possible, plant a physical tree (this can be started at any time). Investing money and planting a tree have a lot in common. Investing in a growth mutual fund grows money over time. The longer the time the bigger the amount. Talk […]
Tag Archives: grandkid
Can you give retirement?
Yes! In the form of the parent or grandparent “401(k).” One of the most overlooked financial opportunity is starting a Roth IRA. The second a child or young adult earns any income it can be contributed into a Roth IRA and compound tax free. Babysitting money, mowing lawns, raking leaves all qualify as earned income. […]