When you’re sitting down and reviewing portfolios with your clients, don’t forget to mention the benefits of a Roth IRA for their working children. What better way to expand your client base than working with the younger generation?
By spending the time with them, you can get them started with some good savings and budgeting habits, as well as starting the 5-year clock for them as a Roth IRA investor. You can even suggest to the parents that they match their children’s contributions… what a great incentive to save!
Editor’s Note: This is part of the Advisor Alley series, brief, bi-weekly articles that provide a quick read about activities that other advisors are engaging in to serve their existing clients and prospect for new clients in this ever-changing environment in which we are all working.
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