Benefits of Opening An IRA For Your Kids

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
Benefits of Opening An IRA For Your Kids

Dr. Friday 0:00
Good day. I’m Dr. Friday, president of Dr. Friday Tax and Financial Firm. To get more info go to This is a one-minute moment.

Dr. Friday 0:12
IRA for kids. Let’s say your kid goes out and starts cutting grass or doing something outside the household in which they are earning money. Remember they can start setting aside up to $6,000 which is in a deferred account and start growing for retirement, college, buying their first home, all kinds of things you can use an IRA for. Start teaching them now when they start earning money, a percentage of it should go towards retirement. Some of it’s going to go towards taxes. Let’s not live off a complete paycheck and have nothing saved at the end. Teach this generation to do a little better than ours. If you need help, call 615 36 70819

Announcer 0:51
You can catch the Dr. Friday call-in show live every Saturday afternoon from 2 pm to 3 pm right here on 99.7 WTN.