Investing for Your Kids (Before They're Born) Artwork

The BetterWallet

On The BetterWallet Podcast, we're going to chat with everyday people who have changed their lives through learning how to manage their money. We're going to talk about their money journeys, the ups, the downs, the slips, and the falls. We're going to help simplify the topics that keep you up at night, including budgeting, paying off debt, investing, and how to build a business. The goal of this podcast is to make money a less taboo topic. We want to make this an everyday topic. This podcast is for anyone ready to change their financial lives and take steps towards financial freedom.

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Investing for Your Kids (Before They're Born)

August 08, 2023 • Marc Russell • Episode 72

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In this episode, I'll take you through my journey and share why this topic is so close to my heart. Growing up without a financial safety net, I learned the hard way about the importance of investing. Now, I want to help others do it right from the get-go. I'll cover everything from 529 accounts and tax benefits to strategic investment approaches.

So if you're a parent, future parent, or even considering adoption like me, this episode is a must-listen. Let's secure our kids' financial future together! Don't forget to rate and review the podcast – your support means the world to me. See you in the episode!

Timestamps:

[00:30] Demystifying money and investing.
[03:20] Passion for Vanguard's 529 program.
[05:40] Setting up a 529 account.
[06:50] Tax-free transfer to child.
[08:10] Avoiding aggressive investing for kids.
[09:30] Excess 529 money to Roth IRA.
[10:40] Free financial bulletproof checklist.
[12:20] The power of time in investing.
[13:40] Rate and review the podcast.
[14:20] Making investing accessible for all.
[14:50] Helping future generations succeed financially.
[15:20] Investing for a brighter future.

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People on this episode

Marc Russell

Host