Our daily roundup of retirement news your clients may be thinking about.
Why clients may want to contribute to their child’s retirement Clients can teach good financial planning to their child or grandchild who recently graduated from college by helping jumpstart his or her retirement nest egg, according to an article from The Wall Street Journal. "Recent graduates tend to be in low tax brackets in their early working years–when it pays for them to save as much as they can in a Roth IRA or Roth 401(k)," writes an expert with socialsecuritysolutions.com. "And a matching contribution from a parent or grandparent could make a huge difference. In some instances, the payoff could be greater than starting out with a tax-advantaged IRA or 401(k)."
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