: You contribute after-tax dollars . This is a massive win for teens who are typically in a 0% or very low tax bracket.
April is National Financial Literacy Month , the perfect time to explore one of the most powerful wealth-building tools available to young savers: the . While retirement might seem lightyears away, starting a "financial gallery" of investments today can turn modest summer job earnings into a million-dollar legacy by the time you reach adulthood. 1. What is a Custodial Roth IRA? teen ira gallery
A common myth is that Roth IRA money is "locked away" until age 59½. : You contribute after-tax dollars