In this week's episode, I dive into a topic that's close to my heart and probably yours, too – investing in your kids's future. Whether you're a new parent or have teenagers, this episode will cover the four key ways to save for your kids and strategies you need to know about.

For a transcript of today's episode, go to:

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To explore the 3 Choices for Advice and Guidance go to:

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To see what it would look like to hire me as your fiduciary financial advisor go to:

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To schedule a Discovery Call go to:

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Brian D Muller(AAMS©), Founder, Wealth Advisor

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Takeaways:

• Securing a financial foundation for your children is paramount for their future success.
• Utilizing custodial accounts allows for investment flexibility, but requires careful consideration of financial aid implications.
• 529 plans are a superior method for saving for educational expenses due to their tax advantages and growth potential.
• Custodial Roth IRAs can significantly benefit children with earned income, jumpstarting their retirement savings from an early age.
• A diversified approach using multiple accounts can optimize your children's financial growth and educational funding.
• Consider the long-term implications of financial decisions, particularly regarding the impact on financial aid eligibility.