Of all the ways to teach your kids about money and help set them up for the future, a custodial Roth IRA may just be the best.
With a custodial Roth IRA, you can encourage your child to earn money, show them the power of saving and investing, and jump-start their retirement savings with a tidy stack of tax-free cash. There are a few rules to navigate, but it’s easier than you might expect, and the rewards can be well worth it.
