Whether it's for tuition expenses or weekly allowances, Katie and Henah chat through short-, middle-, and long-term strategies on saving for your children's future, including the 529, Roth IRA, and UGMA/UTMA for minors.
Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week.
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Mentioned in the Episode
Previous RGR on Teaching Kids About Money: https://youtu.be/Y2Y-cOAKBuM
Best Debit & Credit Cards for Kids (updated monthly): https://www.businessinsider.com/personal-finance/best-debit-card-for-kids
The 529 (Qualified Tuition Programs): https://www.irs.gov/taxtopics/tc313
UTMA & UGMA for Minors: https://www.nerdwallet.com/article/investing/utma-ugma
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