IRA

When the market crashed, the value of his IRA account fell from $10,000 to around $3,000.

‘Spend $50 on a gift, put $50 into your Roth IRA.’

“Spend $50 on a gift, put $50 into your Roth IRA,” she said.

I’d write things like, “Hey, I’m in college as a finance major, but I’m starting my own financial path now. My mom told me about this thing called the Roth IRA. I’m opening it up at 18 years old. Here’s why maybe you should check this out too.”

That means coordinating flows of income, withdrawals, Roth IRA conversions, charitable giving, capital gains, and equity compensation so that your income lands in the optimal tax bracket over time.