@charliedice0w: 3 investment accounts OPERE AKur kids which ones are you using? Custodial Brokerage Account -if you want to start investing on behalf of your kid right now, start here. No contribution limits and no restrictions on how the money is used later. They can take over at age 18 or 21 depending on your state. 529 Account - if you want tax-free growth specifically for education expenses (tuition, books, even some K-12 costs). With the Secure 2.0 Act, you can also now rollover up to $35K in lifetime funds from a 529 account into a Roth IRA. Roth IRA - if your kid has earned income and you want to give them a decades-long head start on tax-free growth in lifetime funds from a 52 SOMERE Aca Roth IRA. Roth IRA - if your kid has earned income and you want to give them a decades-long head start on tax-free growth and retirement savings. You don't have to have all 3. But the earlier you open these, the harder compound growth works in their favor. Time is the one thing you can't buy back. Follow for more personal finance and investing content in plain English. *Not financial advice. Educational purposes only. Always do your own research before investing. #investingforbeginners #personalfinanceforwomen #PersonalFinance #rothira #investingexplained
