So, what exactly is a Custodial Roth IRA?

In this Masterclass, CPA, UCLA Instructor and Kids Money Academy founder, Dee, will explain...

  • Everything you need to know to understand the Custodial Roth IRA and how it works

  • How to open a Roth IRA for your kid

  • What a Roth IRA can be used for and what kinds of funds qualify for it

  • Including a companion workbook to apply it to your situation!

What will you learn?

  • 1

    Module 0: Start Here!

    • Welcome and Course Overview

  • 2

    Module 1: Introduction to Roth IRA for Kids (~15 minutes)

    • What is a custodial Roth IRA ?

    • Three eligibility rules

    • Pros and Cons of Roth IRA for Kids

  • 3

    Module 2: How Can My Child Make Money ?

    • How to make money as a kid

    • How to hire your child

    • Babysitting Income Tracker

    • Tutoring Income Tracker

    • Car Wash Income Tracker

  • 4

    Module 3: How to Open a Custodial Roth IRA (~10 minutes)

    • Best brokerage firms

    • Charles Schwab - E*trade - Ameritrade

    • Fidelity

  • 5

    Module 4: A Custodial Roth IRA and College Planning

    • Roth IRA vs 529 Plan

    • How having a custodial Roth IRA impact FAFSA eligibility

  • 6

    Module 5: Frequently Asked Questions (~5 minutes)

    • FAQ

  • 7

    Final Thoughts

    • Key takeaways

    • What is next?

    • Final request