https://www.jmurphytax.com/insights daily 0.75 2026-08-09 https://www.jmurphytax.com/insights/lc5d8xlg5k588vblxt2q3wzi8moodw monthly 0.5 2026-08-09 https://images.squarespace-cdn.com/content/v1/6a46f7384ce9f2397ab44bff/1786300113856-61DRLVE8241UKBR6FYUK/2026+08+06+JMurphy+-+IRA+for+kids.png Insights (Blog) - Hiring Your Kids? A Roth IRA Might Be the Best Benefit You're Not Offering - How It Works To contribute to a Roth IRA, a person must have earned income. A child who works in your business and receives reasonable wages for actual work qualifies. That's the door opener. From there, the math works in your favor. Children are typically in the lowest tax brackets, which means the income is taxed at a minimal rate before it goes into the account. Inside the Roth IRA, it grows tax-free. Withdrawals in retirement are tax-free as well. For someone with decades ahead of them, that's a powerful combination. https://www.jmurphytax.com/home daily 1.0 2026-08-10 https://www.jmurphytax.com/about daily 0.75 2026-08-10 https://www.jmurphytax.com/contact daily 0.75 2026-08-07 https://www.jmurphytax.com/team daily 0.75 2026-08-09 https://images.squarespace-cdn.com/content/v1/6a46f7384ce9f2397ab44bff/3b951f94-149a-4aac-87e7-648a98127c99/2026+07+11+JMurphy-headshot%2C+Jim.png Team https://images.squarespace-cdn.com/content/v1/6a46f7384ce9f2397ab44bff/033b9c3a-b2c8-4beb-b091-16a9facb2bcd/2026+07+11+JMurphy-headshot%2C+Jane.png Team https://images.squarespace-cdn.com/content/v1/6a46f7384ce9f2397ab44bff/7a5d49ca-2ebb-4e8a-8a14-5b335ac0bb4f/2026+07+11+JMurphy-headshot%2C+russ.png Team https://images.squarespace-cdn.com/content/v1/6a46f7384ce9f2397ab44bff/1783802325597-GTV4LNOX16CP780J6V66/unsplash-image-hyL58LUZJLs.jpg Team https://www.jmurphytax.com/faq daily 0.75 2026-08-07 https://www.jmurphytax.com/jane-murphy daily 0.75 2026-08-07 https://images.squarespace-cdn.com/content/v1/6a46f7384ce9f2397ab44bff/033b9c3a-b2c8-4beb-b091-16a9facb2bcd/2026+07+11+JMurphy-headshot%2C+Jane.png https://www.jmurphytax.com/jim-murphy-1 daily 0.75 2026-08-07 https://images.squarespace-cdn.com/content/v1/6a46f7384ce9f2397ab44bff/22d87f77-aacf-4beb-a78d-7b32efe518ab/2026+07+11+JMurphy-headshot%2C+Jim.png https://www.jmurphytax.com/russ-robertson daily 0.75 2026-08-07 https://images.squarespace-cdn.com/content/v1/6a46f7384ce9f2397ab44bff/7a5d49ca-2ebb-4e8a-8a14-5b335ac0bb4f/2026+07+11+JMurphy-headshot%2C+russ.png