Did you know that you can contribute up to $6,000 for 2021, but not more than the child’s 2021 earnings, to a Roth IRA for him or her? It’s a great way to start a savings account for them and all earnings grow tax-free. The pay-in counts toward your $15,000-per-donee gift tax exclusion. Any distributions after age 59.5 are nontaxable and contributions can be pulled out free of tax at any time. And $10,000 of earning can be taken out taxfree to buy a first house. Please get in touch for more information.
In this quarter’s report, we dive into recent trends in sustainable investing, focusing on the explosive growth in the space, bonds going green, regulatory changes,