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Roth IRAs for kids theres another social media platform thats out there a lot of people like to go on there and talk about how you should start a Roth IRA for your children and Im not opposed to that because long term that money can grow extensively tax-free its a huge benefit for them theres a lot of drawbacks though with the Roth IRA so lets go through that talk about some better accounts for your children [Music] hey its Eric with jazz wealth managers where we dont just invest the dough we like to educate you on your dough so the Roth IRA is a great account one of the biggest things is though is your child has to have income to be able to do a Roth IRA for kids so if they dont if theyre three years old a lot of people try to put a Twist on this and say well they work for my company well if you have a company you can pay your child the problem with this though is that when you get audited by the IRS you better find ways to justify how you paid little Susie the three-year-ol
