Why Your Kids Need a Roth IRA
Encouraging your working kid to make Roth IRA contributions is a great way to introduce the ideas of saving and investing for the future. Making modest contributions during a child’s teenage years can add up to a good amount by retirement. It’s also tax smart. And it’s never too soon for your child to learn about taxes and how to legally minimize them.
This article from Smart Money explains the advantages of Roth IRAs and why they’re usually better for kids than Traditional IRAs. Continue reading.
