• Investment

    Stretching your retirement savings for future generations

    Many parents may have adult children with less earning power or fewer job opportunities than they had themselves. Parents often tell that they are looking for ways to provide their children with more financial security for the future. One of the¬†retirement custodians¬†is to give money to your children. If you don’t plan to use all of the money in your retirement accounts for your living expenses once you stop working, you can gift any remaining money to your adult children and help them fund their own retirement needs. The key to turning your IRA into a source of retirement funding for your children is reducing the impact of required minimum…