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The 2017-2018 HCM Roth IRA Award for Local High School Students

APPLICATION DEADLINE is January 3, 2018.

Hengehold Capital Management is helping local high school students invest!   

The Personal Finance courses at Elder and Seton High School teach students to avoid debt, budget with intention, invest wisely, and share wealth.  To give students the real experience of growing and managing wealth, Hengehold Capital Management created The HCM Roth IRA Award.

What is a Roth IRA?

William Victor “Bill” Roth, Jr. was an American lawyer and Delaware Senator. He was a member of the Republican Party and World War II veteran. Roth was an outspoken proponent of the American dream and noted to Dr. Gobind Daryanani that, “If you work hard and save hard, you can have a good retirement income that allows you to leave something to your children.” He worked with the Senate Finance Committee to develop his namesake IRA which was established by the Taxpayer Relief Act of 1997. The basic premise of a Roth IRA is that you can invest after-tax dollars and those dollars can grow tax-free which was in line with Roth’s preference of wanting to attract both young investors as well as seasoned ones. The Finance Committee was eager to see younger working Americans starting their retirement investing earlier with even small amounts of money, thus developing a culture of saving. Here is an article explaining a Roth IRA and how it works.


In order to be considered for this award, students must:  

  • Be a current student at Elder or Seton High School
  • Be taking (or have taken) an Economics, Personal Finance or Financial Literacy
  • Have earned income in 2017 (necessary for opening an IRA)
  • Complete an online application: Click Here to Apply.


HCM Roth IRA Awards will be given to students at each school who are chosen by the school's selection committee.  HCM will open and partially fund Roth IRAs for these students.   



If you have questions, please contact Steve Hengehold, [email protected].