Retirement Accounts for Kids

You might be thinking that it’s crazy to open retirement accounts for kids when your own retirement is under funded.

Don’t stop reading just because you don’t understand the benefits of saving for retirement for children. Saving for retirement for children is easier than you think.

As a parent, you want to give your children every opportunity for success in life. One way to do that is by helping them start saving for retirement as early as possible.

Time Equals Money

First, let’s talk about the benefits of starting a retirement account for your child. The power of compound interest is truly remarkable.

Kids Earning Money

All funds put into a retirement account are required to be earned income. This means that your child has to in some way earn the funds based on the IRS definition.

Retirement Savings for Minors

As a parent, you can legally fund a retirement account for your child by encouraging them to earn income.

Generational Wealth Building

Starting a retirement account for your child is a great way to help them build a strong foundation for financial security in the future.

See How Much Money Your Kid Could End Up With!