Should I Open a Roth IRA for My Kids in 2023?
Savings accounts are popular among kids, but giving them access to a Roth IRA (individual retirement account) could be the ultimate wealth builder. Anyone can contribute to a Roth IRA -- regardless of age -- as long as they have enough earned income to cover their annual contributions.
If you're wondering if opening a Roth IRA for a child is a good move to make in 2023, here are a few things to consider.
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Source Fool.com