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‍‍ A custodial IRA allows an adult to open and manage an account for a minor, but the child must have earned income to contribute.  Depending on whether it’s traditional or Roth, contributions receive different tax treatment. #CustodialIRA #FinancialLiteracy #RetirementPlanning #InvestingForKids #TaxPlanning Watch the full episode ➡️ https://youtu.be/6kEta4_ncZs Learn more about the SFM process: www.SFMadvisorgroup.com | Security Financial Management, Inc. | Facebook
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‍‍ A custodial IRA allows an adult to open and manage an account for a minor, but the child must have earned income to contribute.  Depending on whether it’s traditional or Roth, contributions receive different tax treatment. #CustodialIRA #FinancialLiteracy #RetirementPlanning #InvestingForKids #TaxPlanning Watch the full episode ➡️ https://youtu.be/6kEta4_ncZs Learn more about the SFM process: www.SFMadvisorgroup.com | Security Financial Management, Inc. | Facebook
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