A custodial Roth IRA is a retirement account for minors that allows for tax-free growth. It provides all the benefits of a ...

they can have a Roth IRA. As a financial advisor mom of three kids, I know well the power of compounded interest and the value of early work experience and learning to save and invest for yourself.

After a Roth IRA has been funded for five years, $10,000 in earnings can be used to buy a first home. Once kids are old enough to do legitimate work around the farm, they can also learn the basics ...

In addition, there are some other good reasons to consider a Roth IRA for your kids. Just to name a few: Roth IRA contributions (but not investment earnings) can be withdrawn at any time without ...

One of the best custodial accounts for kids is actually a retirement saving account. Custodial Roth IRAs are among the strongest tax-advantaged retirement savings vehicles to grow long-term wealth.

Roth IRAs for kids are a great retirement tool, because children have decades for their contributions to grow tax-free, and contributions can be withdrawn tax-free and penalty-free at any time.

While any kind of saving is better than nothing, there may be a way to do it where your kids can get tax benefits as well as a potentially better rate of return. A Roth IRA, if properly invested ...

One of the best ways to keep your kids along for the ride when it comes to opening and maintaining a Roth IRA is to “show them the money.” Flashing the figure of $1 million in front of any kid ...

“I encourage parents to open Roth IRA’s for their kids when they get their first summer jobs in high school and college. If your student makes a couple thousand dollars working a summer ...

Dipping into your retirement savings for your kids may not sound like a smart plan, but it can be OK so long as it's done with proper planning. Roth IRAs can be a smart choice if you're looking ...