A way to give your child a head start on their retirement is to open a Roth IRA as soon as they start earning money.
Set a goal to reach before they graduate and watch the balance grow 40x by the time they reach retirement age. Some ideas to get them earning money are babysitting, mowing lawns, summer jobs, internships or even hiring them to work for your business.
As always, feel free to pass this Tip along to friends, and reach out if you need help with your personal tax and finance situation.
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