Roth IRA
A retirement account, fundable once a kid has earned income, where growth is tax-free.
A Roth IRA is funded with after-tax money and then grows — and is eventually withdrawn — completely tax-free. A custodial Roth IRA becomes available once a child has earned income from a job, and starting one that young gives the tax-free growth an extraordinarily long time to work.
Explain it to your kid
"A retirement account where your money can grow tax-free."
Want to go deeper? Custodial Roth IRA for kids.
Related words
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