Good reminder that you can open a Roth IRA for a child, but contributions are limited to earned income. Article also has some suggestions on brokerages that accept IRA accounts for kids.

If the Roth is opened when the child is 15, that'll result in some big time compounding over the 45+ years before retirement.

 

Submitted: Jan 30, 2008    Views: 298    Comments: 1    Likes: 2   


View Article: http://www.kiplinger.com/columns/drt/archive/2008/dt080130.html


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Sam Cass
Sam_Cass

Roth is a must for kids.

Posted: Jan 31, 2008



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