Turn Your Child Into a Tax-Free Millionaire for $25 a Day
There might not be a one-size-fits-all manual for raising a child, but there are simple steps you can take to put your child on the path to building wealth. For example, the Roth IRA (a special individual retirement account) comes with incredible features that allow kids who earn income to stash away money in the account and accumulate tax-free income.
Of course, there are rules you must follow and strategies to implement to make this all possible. But the best part is knowing that you don't need thousands or even hundreds of dollars to get started. By starting with $25 per day, you can give your child a head start to the $1 million mark, and they won't have to deal with the intricacies of taxes later.
The clock is ticking, so we'll start with a few items you need to know to give your child the best chance at financial success.
Source Fool.com
