Setting the Next Generation up for Financial Freedom | Episode 045

24/05/2025 43 min Episodio 45

                    Setting the Next Generation up for Financial Freedom | Episode 045

Listen " Setting the Next Generation up for Financial Freedom | Episode 045 "

Episode Synopsis


Mark shares insights on achieving financial independence and preparing the next generation for financial freedom. Returning from his trip to French Polynesia and Hawaii, Mark delves into strategies for setting up children and the next generation for financial success using Roth IRAs, 529 plans and custodial accounts. 



He also answers a listener's question about whether to contribute to a Traditional 401k, Roth 401k or Roth IRA. The episode concludes with Mark reflecting on Warren Buffett's retirement and the power of compounding growth.



If you would like your question answered on the show, please send an email to [email protected] and put “podcast question” in the subject line.



Episode Links:



Mark’s Money Mind YouTube Channel



The Wonder of Compounding | Episode 011



Berkshire Hathaway 2025 Annual Meeting: Morning Session



Berkshire Hathaway 2025 Annual Meeting: Afternoon Session



Timestamps:




00:28 Recent Travels



01:54 Setting Up for Financial Independence



04:03 Funding College Education



06:49 Custodial Accounts for Nieces and Nephews



08:45 Roth IRA for Young Earners



24:31 Listener Question



32:14 Warren Buffett's Retirement