Roth IRA

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money.

M We are both fans of doing your giving while you’re living so you’re knowing where it’s going.   Larry Burkett’s recommendation) In other words, give with a warm hand.  One way to do that is by funding a Roth IRA for those you care about.

V A Roth IRA allows you to put away after tax money for growth.  You can take it out tax free later.  There are special rules, but if you have someone with earned income, they can do this. You can help them.  Consider matching their contribution. It’s a powerful retirement savings strategy, especially for the young.

M More than giving a gift, it’s giving a growing gift.  It’s a great way to start young adults learning about investments and thinking beyond today.