FutureMoney

We’re thrilled to share that?FutureMoney?is kicking off Season 12 of?The Pitch! Out of thousands of companies that pitched to be part of the series, we were selected as one of just fourteen startups - and we’re the season premiere! When we first applied, we were laser-focused on turning our vision into reality, with countless late nights preparing for our launch. Now, kicking off the season as the premiere? It’s a clear sign that what we’re building at FutureMoney is resonating. The timing couldn’t be better. Tune in and hear our story, the vision behind the Junior Roth IRA?, and what sets us apart. Our episode drops now, live on all major podcast platforms. Whether you’re on Spotify, Apple Podcasts, or YouTube, make sure to check it out! A huge thank you to everyone who continues to support us on this journey - our investors, our team, our early customers, and all of you who believe in what we’re building. Here’s to making a lasting impact on financial futures everywhere. Let’s do this! Listen now:?https://lnkd.in/e6PkD45z

We’re thrilled to be part of the 2024 cohort of the gener8tor Insurance & Wealth Accelerator, powered by Allianz Life & Securian Financial! We are honored to be recognized alongside such remarkable companies in the #wealthtech and #insurtech sectors. At FutureMoney, we believe in the power of building generational wealth and financial security for all families - a mission that is shared between FutureMoney, Allianz and Securian. Our Junior Roth IRA is designed to give families a head start on their financial future, helping parents invest in their children’s future with tax-free growth. We’re proud to be on this journey, and we look forward to what the next three months of the accelerator will bring. A big shoutout to our fellow cohort members — Multimodal, OneEleven Financial Wellness, Sora Finance, and Waterlily Planning. We’re excited to learn and grow together! Check out the full announcement and learn more about the cohort here:?https://lnkd.in/eEFibNPs

“By using the language of money, you can show your kids the advantages of saving today for something in the future, and how your money can grow” - Dave Fortin, CFA (co-founder of FutureMoney) Thanks for featuring us Heather Taylor! https://lnkd.in/g3GqD3Dd

Top 5 ! https://lnkd.in/eygjtrWP

Today in FinTech Futures: "FutureMoney’s flagship offering is its tax-advantaged Junior Roth IRA account, which leverages 529 plans that can be transitioned to a Roth IRA account after 15 years. With this account, family members can contribute up to $35,000 before a child reaches 18, taking advantage of the tax-free growth for their retirement savings." Appreciate the coverage Cameron Emanuel-Burns!

The trick is… starting very young or living to be very old" Most people would be surprised to hear from one of the best investors in history that this is the most important factor in wealth building. Thanks for this great reminder Lorie Konish. What’s unfortunate is that most people only learn this lesson well into their adult life. Imagine if you got started investing 20+ years earlier. If you’re a parent, you can do that for your kids with our Junior Roth IRA ?. Although living to be very old would be nice too! ??

Unsure what to get the kids in your life as gift? Our founder, Philip Barrar, explains how to build lasting financial security for kids by investing tax-free in a Junior Roth IRA.

Listen to our CEO Philip Barrar speak with Serac Ventures last week about his journey as a repeat FinTech founder ?? https://lnkd.in/euEGDbNS

Big news! Today marks a major milestone for FutureMoney in helping American parents build generational wealth for their kids. Made possible through the Secure Act 2.0 that came into effect January 1st, 2024, parents can now invest for their children using The Junior Roth IRA? and receive: - Tax-free earnings. - Tax-free withdrawals.? - No requirement for earned income.? - With no income limitations. The Junior Roth IRA, exclusively offered by FutureMoney, uses a combination of 529 and Roth IRA accounts, along with some pretty incredible underlying technology, to allow you to invest up to $35,000 while your child is under 18 and grow that money tax free into their retirement. Why is the Junior Roth IRA? a game changer? Putting aside just $10 per week from age 0 to 18 can give your child a $1,000,000+ head start on their retirement at age 65, assuming an approximate 8% annual return (actual returns may differ). Thanks to the incredible power of compounding returns, your child would end up with over 100x the roughly $10k you had contributed over the course of 18 years. Albert Einstein called compound returns the eighth wonder of the world, and it’s not hard to see why. Who can benefit from the Junior Roth IRA?? In short, anyone - even if your child is not born yet! Due to the power of time, and compound interest, we think this is the most powerful tax-advantaged account available today. While the Secure Act 2.0 makes this technique available to all Americans, there are a number of rules to follow: - Contributions must be in the accounts for 15 years.? - Contributions from the most recent 5 years cannot be used.? - Annual Roth IRA contribution limits must be respected, so the rollover process may need to be split over multiple years. Other rules apply, and there is always a chance that these could change in the future. In short, there is a lot to track, and getting it wrong could have tax implications for you. At FutureMoney, our technology underlying the Junior Roth IRA automates the complexities involved in the new rule changes, and allows us to manage the whole process so you can maximize the benefit of the Junior Roth IRA for your family. PS, as a token of appreciation to everyone who supported us getting to this milestone, we would like to share one year free with code LinkedIn2024. Learn more at www.futuremoney.co