Skip to main content

  •  Tel: 949-364-2602
  •  Toll Free: 888-424-0071
  •  Fax: 949-361-9493

  • Home
  • About
    • Our Philosophy
    • Our Team
  • Services
    • Retirement Planning
    • Financial Consulting
    • Insurance Planning
    • Estate Planning
    • Tax Planning
  • Resources
    • Retirement News
    • Community Events
    • Workshops
  • Blog
  • Contact

Proactive Planning

for a solid future

Helping You

manage the changing face of life

Our Mission

your success is our only mission

  Previous   Next

    You are here

  1. Home
  2. Blogs
  3. IRAs For Kids?

IRAs For Kids?

Submitted by Wale Advisory Group on July 16th, 2013

Many of our clients have IRAs that they will never use. So at some point, they will probably be passed on to their children and grand children. Since this may inevitably happen, what if you planned ahead, and used the IRA for your grandkid’s retirement? It may be a profound idea, but it’s completely possible!

While this is a simple thing to do, you must prepare it correctly to avoid mistakes and create unnecessary tax issues. If you follow the rules, and get help of an expert like us, you’ll find a simple way to transfer your wealth with great tax benefits.

Also, by setting up a child from the beginning, this encourages them to save and earn. Studies show, that contributing $1,000 per year to an IRA, can grow to over $39,000 over the course of 45 years (assuming a 6% return). Imagine leaving a legacy like that to your family!

If you have an IRA, talk to us about the options you have with it, along with the benefits those could create. Our goal is to create tax-preferred strategies for our clients, that will benefit them and their loved one for years to come!

Categories

  • If you’re in your 20s, rejoice! (1)
  • Investing (1)
  • Next Big Downturn? (1)

Archived Blog

  • August 2024 (3)
  • January 2019 (1)
  • December 2017 (2)
  • October 2016 (4)
  • September 2016 (2)
  • August 2016 (4)
  • July 2016 (1)
  • June 2016 (1)
  • May 2016 (1)
  • August 2013 (1)
  • July 2013 (2)
  • June 2013 (3)

Tell a Friend

cover booket.jpg

10 Things to Know About Planning
Your Retirement Income ebooklet

 

We are proud active members of:

NAIFA-Logo.png  NEA_logo.png  

5860 Owens Ave. Suite 230
Carlsbad, California
92008 United States

  •  Tel: 949-364-2602
  •  Toll Free: 888-424-0071
  •  Fax: 949-361-9493
  •  jw@waleag.com

 

Wale Advisory Group nor any of their agents or representatives give tax, legal or investment advice. Legal advice is provided by board-certified estate planning attorneys.  Investment advice is provided by a Certified Financial Planner, which is one of our advisory partners. The information here is a summary of our understanding of current tax laws as they relate to insurance products. Please consult a qualified advisor for these matters.

Our advisor's partners have no affiliation with Wale Advisory Group.

© 2025 Wale Advisory Group Inc. dba Wale Insurance & Financial Services. All rights reserved.