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Profitable Ideas: Whether Roth is Better Than Regular, Teaching Kids to Work With Grit and Grace, and More

Weekly roundup of some of the best personal finance articles from around the web.

Roth 401(k) vs. 401(k): Which is the better option? (Of Dollars and Data). The answer might surprise you.

Open a Roth IRA for your child (Getting Your Financial Ducks in a Row). I like this author’s “or worse” point in the opening paragraph. For more on this topic, read, What If Your Kids Had Their Retirement Funded Before They Finish High School?

Questions I’m asked (Humble Dollar). What to know about term life insurance.

11 rules the CDC wants you to follow before traveling again (Reader’s Digest). A big expense for many families is their summer vacation. Here’s how to make sure nothing messes with that investment in these crazy times.

Teaching kids to work with grace and grit (The Gospel Coalition). Helping them learn to strike the right balance.

Here’s how to take online college courses without paying a cent (CNBC). If your teenagers are bored the summer, or if you are, here’s a great option. Our 16-year-old is taking a class on entrepreneurism from the Wharton School of the University of Pennsylvania through Coursera (not free, but still a bargain) and our 14-year-old is signed up for a free journalism class from Indiana University. 

7 ways minimalism will impact my children (Becoming Minimalist). Some great lessons that should pay lifelong dividends.

How to talk to your kids about financial hardship (USA Today). Not sure I agree with all of this advice, especially the bit about not “parentifying.” But it depends on how old they are. Generally, I think kids can handle more than we sometimes think they can. 

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