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Roth IRAs For Kids and Grandkids!

If you have kids or grandkids who earned some money this summer or who might in the future, this Brief is for you. I actually got the idea from a client of ours who has been doing this for her grandchildren for several years, splitting her $14k allowable gift for each child between a Roth IRA account (when the grandkids have some earned income) and a more traditional brokerage account (e.g. an UTMA account if the kid is under age 18) if not. It’s a great idea so I wanted to share it with all of you.  Please get in touch if you have any questions.

P.S.  The above is still relevant if the “kid” is a working grownup receiving annual gifts from parents for estate planning purposes.

Leigh Bivings, Ph.D., CFP®, CDFA™
Leigh Bivings, Ph.D., CFP®, CDFA™
Leigh Bivings is the founder of Artemis Advisors. As CEO, she sets the firm’s overall direction and its investment strategy.

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