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HandFF Radio Help working kids start Roth IRA

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WASHINGTON (6/6/08)--Teenagers with summer jobs have an opportunity to put their hard-earned pay to work for a long time: Invest some of their earnings in a Roth IRA, according to one of this week’s H&FF Radio show guests. Home & Family Finance airs Sundays at 3 p.m. EDT on the Radio America Network. The one-hour program devoted to consumer finance issues is brought to you by America's credit unions and their 90 million members, and is presented by CO-OP Network. The Credit Union National Association (CUNA) and Radio America are podcasting Home & Family Finance through iTunes, Podcast Alley, Odeo, and other popular podcast library sites, as well as on Radio America and CUNA’s Web sites. Sunday’s show, which you also can hear later via the Internet, features Paul Berry, Washington, D.C., journalist and broadcaster, discussing these topics with special guests:
* “Roth IRAs for Working Kids,” with Nancy Granovsky, professor, extension family economics specialist and regents fellow, Texas AgriLife Extension Service, The Texas A&M University System, College Station, Texas; * “How to Determine How Much Money You Made In Your Portfolio This Past Year,” with Barbara O’Neill, extension specialist, Financial Resource Management, and professor, Rutgers University Cooperative Extension, New Brunswick, N.J.; * “Who Gets Grandma’s Yellow Pie Plate,” with Marlene Stum, founder, and professor, Family Social Science, University of Minnesota, Minneapolis; * “What Makes a Good Checking Account and Other Banking Tips,” with Ed Mierzwinski, consumer program director and advocate, National Association of State Public Interest Research Groups (U.S. PIRG), Washington, D.C.; and * Listener Q & A: Generic medicines; lower your homeowner’s insurance cost; save money at the gas pump; and improve your credit score.
Home & Family Finance is a resource center for personal finance information at CUNA. The radio show is sponsored by CO-OP Network, the national credit union ATM network; Cabot Creamery Cooperative, maker of award-winning cheddar; Visa; and Western Corporate FCU and its member credit unions. For more information, read “Roth IRA Early Withdrawals May Prompt Penalties” in Home & Family Finance Resource Center.