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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]80k put into a Roth IRA before age 25 would pretty much secure the kids retirement.

[/quote]

Maybe but it’s pretty hard to do[/quote]

Hard and actually not possible. 
Roth IRA contribution this year is limited to $7000– and there has to be at least $7000 of earned income by the Roth IRA holder.

So if your kid is earning seven grand in 2024-then you can make that contribution into an account and their name.

You cannot just put 80k into an account![/quote]

Probably why she said by age 25 and not by age 18.

My kids put as much into a roth as they earn, and have since they were 14.  You start now and give the kid the money to put into their roth. And this goes up every year, lately by about 500 a year so by the time they're 23, 24, 25, there's every chance they could be putting 10k in a year.  And maybe it takes til they're 27 to shift all 80k into the roth?  So what.  That money has grown since then. They can leave the extra to grow in this 529 for their own kids. You get your kid's retirement started and set on autopilot and they're own kids college fund sitting on autopilot for 30 years, and that changes a person's financial trajectory .. far more than the small difference in name brand of college.  NPV, people![/quote]

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