Dr. Friday on IRA for Kids

Dr Friday Tax Tips - One Minute Moment
Dr. Friday Tax Tips
Dr. Friday on IRA for Kids

Dr. Friday 0:00
Good day. I’m Dr. Friday, President of Dr. Friday’s Tax and Financial firm. To get more info go to www.drfriday.com. 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 that they can start setting aside up to $6,000, which isn’t 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 to off a complete paycheck and have nothing saved at the end. Teach this generation to do a little better than ours if you have helped, 615-367-0819.

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