Financial Literacy: Money Talks – The Stock Market Challenge: IRAs (Traditional and Roth)

Ready to take a peek into your future and see how you can make it shine brighter? Join us for a super cool presentation where we’re going to dive into the world of IRAs (Individual Retirement Accounts) and discover how you can start building your treasure chest for the future!

1. IRA Basics: Your Future’s Piggy Bank
First off, we’ll break down what an IRA is in a way that’s easy and fun to understand. Think of it like a special piggy bank or a treasure chest where you save money for a really, really long time – like when you’re as old as your grandparents!

2. Traditional IRA: The Classic Choice
Next, we’ll explore the Traditional IRA. It’s like a magic chest where you put in money now, and it grows over time without paying any taxes until you’re ready to use it after you retire. It’s a classic way to save for the future and get some neat tax benefits today.

3. Roth IRA: Pay Now, Play Later
Then, there’s the Roth IRA, which is a bit different. Imagine if you could pay a little bit of your allowance in taxes now, so in the future, when you take out your money, it’s all yours – tax-free! We’ll learn why this can be a super smart choice for young savers like you.

4. Which One is Right for You?
The big question – Traditional or Roth? We’ll go through some fun scenarios and quizzes to help you understand which type might be the best for you. Remember, it’s never too early to start thinking about your future!

5. Start Small, Dream Big
Finally, we’ll talk about how even saving a little bit of your allowance, birthday money, or part-time job earnings can grow into a huge amount over time. It’s like planting a tiny seed and watching it grow into a massive tree!

So gear up for an exciting journey into the world of saving and investing.

The event is only possible because of the generous support of the Ohio Developmental Disabilities Council.

Please register below or by email: Alyssa@WeThriveTogether.org