: The teenager must have earned income (from a summer job, babysitting, etc.).
: Since minors generally cannot open investment accounts alone, a parent or guardian must open a Custodial Roth IRA on their behalf. sexy teen ira for free
: In a Roth IRA, you pay taxes on the money before it goes in. Since most teens are in a very low tax bracket (or owe no taxes at all), they lock in that low rate and never pay taxes on the growth or withdrawals again. : The teenager must have earned income (from
: Time is a young investor's greatest asset. A teenager who saves just $2,500 a year for 50 years can potentially build a massive nest egg due to compound interest. sexy teen ira for free