Surprise! Your Kid's Summer Job May Qualify Them for Their First Roth IRA
Although retirement planning may be low on the to-do list for kids, it can help kids get a head start on their financial goals. Time can be your kid's secret weapon for financial success and help them build a million-dollar Roth IRA (individual retirement account).
As good as this wealth-building goal sounds, your child has to meet some requirements to qualify. Fortunately, your child's summer job may be exactly what they need to unlock this retirement planning opportunity. Since age is not a barrier to contributing to a Roth IRA, your child can start on the path to retirement success as soon as they start making money.
Source Fool.com
