FutureMoney Review: Family Investing Platform for Generational Wealth

Quick Summary

• The primary product is a Junior Roth IRA, which allows you to save in a tax-advantaged 529 and eventually roll it over into a Roth IRA.
• Sidecar investing adds savings flexibility alongside tax-advantaged accounts
• Management fees from 0.20% to 0.25%

Pros

• Helps build long-term family wealth
• Supports multiple tax-advantaged accounts
• Low minimum investment

Cons

• No self-directed investing
• Premium features require a paid plan
• Limited track record as a newer platform

FutureMoney started as a fintech platform that helped parents invest for their children’s future as early as possible. However, since launching, it’s grown into a much broader family investing platform. Today, it offers multiple account types, automated investing, tax-advantaged savings, and tools designed to help families build generational wealth.

While its Junior Roth IRA remains a flagship product, FutureMoney now supports everything from traditional retirement accounts to custodial Roth IRAs, 529 Plans, and the new Trump Accounts (530A). In this review, we take a look at how it all works so you can decide if FutureMoney is right for you.

What Is FutureMoney?

FutureMoney is a tax-advantaged investing platform designed to help families build generational wealth. Founded by financial industry veterans in January 2023, the Boston-based fintech aims to give parents peace of mind by providing them with a tool to help their kids work toward financial security. The platform offers managed portfolios and automated deposits to turn wealth building into a regular habit.

Caption of the FutureMoney Homepage. Source: The College Investor

What Does It Offer?

FutureMoney has expanded its product lineup over the past couple of years. Here’s a closer look at its key features:

Junior Roth IRA

The Junior Roth IRA remains FutureMoney’s signature product. Unlike a custodial Roth IRA, the Junior Roth IRA doesn’t require your child to have earned income. Instead, it uses a 529 Plan structure that can potentially be rolled into a Roth IRA after meeting IRS requirements. This way, families can begin saving for retirement from birth.

According to FutureMoney, parents can contribute up to the applicable lifetime rollover limits while investments grow tax-free inside the account. FutureMoney automatically manages the portfolio using diversified ETFs, and you can invest as little as $1 at a time through regular contributions.

Custodial Roth IRA

FutureMoney has introduced a traditional Custodial Roth IRA for children who earn legitimate income. It allows parents to establish IRS-compliant household employment so children can contribute earned income to a Roth IRA while building retirement savings from a very early age. FutureMoney can also help with payroll documentation and tax reporting, streamlining what can otherwise be a complicated process.

Trump Account (530A)

One of FutureMoney’s newest features is support for Trump Accounts (also known as 530A accounts). These accounts are designed for eligible children born between 2025 and 2028. They allow qualifying newborns to receive the federal government’s $1,000 seed contribution. With FutureMoney, you can manage these accounts alongside the rest of your family’s investments through the same app.

Sidecar Investing

Sidecar is a flexible taxable investment account that works alongside a child’s Trump account. It allows families to save for goals that don’t fit inside a tax-advantaged retirement or education account. It also gives you more control over when you withdraw money. For example, you can choose whether to take money from the Sidecar account or the Trump account first, in order to lower the taxes you pay over time.

Overall, FutureMoney offers a comprehensive suite of family investing tools that go well beyond its original Junior Roth IRA. Whether you’re looking to start saving from birth or want to coordinate multiple account types in one place, the platform is worth considering for families focused on building long-term financial security.