A Custodial Roth IRA Turns Your Kid’s First Job Into a Head Start

Any child with earned income from a job, babysitting, or mowing lawns can have a custodial Roth IRA, and you can contribute whatever they earned, up to the annual IRA limit. Money invested at 15 has half a century to compound tax-free. Open one the first summer your kid earns a paycheck.

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