Grow YOUR Child's Financial Future | 401Kid | HopeFilled FootStep #6 - Ep. #83

-How can you set up your child for financial success? What nuances do you need to know about ESAs and 529s?

00:00 - Intro
00:39 - My Lego Robotics Kit
09:24 - HopeFilled Financial FootStep #6 - 401Kid

In today's story Jay shares how he earned his Lego Robotics Kit when he was a kid and how he saved it to build with his children. The lessons he learned about money are ones he'd like to pass on. He also shares from an NPR: https://www.npr.org/2021/07/27/1021262899/finance-money-tips-kids-families-conversations

The main topic is HopeFilled Financial FootStep #6 - 401Kid. Should you do an ESA, UTMA, 529, or something else? What are the implications of each? Find out more in these articles:
-https://fairmark.com/kids-and-college/utma/what-expenditures-are-proper/
-https://www.thrivent.com/insights/retirement-planning/the-secure-act-2-0-allows-a-529-plan-rollover-to-a-roth-ira
-https://www.savingforcollege.com/intro-to-529s/which-is-the-best-529-plan-available

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Music: "Take Me Higher" by Jahzzar

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