The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Uncharted waters||Date: 6/14/2012 9:29 AM|
|Author: kmart00||Number: 116267 of 120812|
This thread hasn't let me down! I LOVE the TMF! :-)
I am starting to think that some form of an IRA might be best for her over a 529 with the funds she is earning...
I guess (and this may be for another board) that the Roth IRA might be more beneficial than a traditional here?
My thinking is that she is most likely (*hopefully*) in the lowest tax bracket she will ever be in--therefore the the growth/earnings would be tax free in 64.5 years--then again, who knows what the tax landscape would be then--whether Roth IRAs will continue to exist at all... But I digress...
Anyway, this has been a wealth of information. And Phil highlights a great point... Never to early for Fool School!
|Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|