Check out the latest issue of OTL and our team member Allison Loots’ article on the benefits of an IRA contribution as a long term graduation gift.
Why give the gift of a retirement account? A $100,000 gift for just $1,000 down? Deposit $1,000 in a Roth IRA for a 15-year-old today and by age 75 they could have more than $100,000, assuming an 8 percent annualized return. Allison breaks down the benefits and rules around…