Download ~ Kid Iras: Ensuring a Secure Financial Future for Your Children (Individual Retirement Accounts) ~ by Academy of Accounting and Financial Studies Journal ~ eBook PDF Kindle ePub Free
eBook details
- Title: Kid Iras: Ensuring a Secure Financial Future for Your Children (Individual Retirement Accounts)
- Author : Academy of Accounting and Financial Studies Journal
- Release Date : January 01, 2009
- Genre: Business & Personal Finance,Books,
- Pages : * pages
- Size : 281 KB
Description
INTRODUCTION The IRA playing field has expanded. Traditional IRAs for children have been rare since children seldom have sufficient income to benefit from a tax deduction. However, a Roth IRA for a child can be very attractive, as discussed in this study. Hebert (2008) notes that if a minor child has earnings from a job, the parent would be wise to open a Roth IRA on behalf of the child. He further emphasizes that, like adults, children can make a Roth contribution of up to $5,000 or 100 percent of their earned income, whichever is less.
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