Tag: kids money
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Why a Roth IRA for Your Teenager Is the Best Gift You Can Give
Your teenager thinks a Roth IRA is boring. They’re wrong. And in 40 years, they’ll know it. A Roth IRA funded in your child’s teenage years is one of the most powerful wealth-building moves available — and almost no one does it. How It Works A Roth IRA requires earned income. Your teenager needs a…
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Three Accounts Every Parent Should Open Before Their Child Turns 1
The best financial gift you can give your child has nothing to do with a savings bond or a college fund they’ll raid at 18. It has to do with time. The earlier you start, the more powerful the math. Here are the three accounts worth opening in your child’s first year — and why…
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Books We Use to Teach Our Kids About Money (Ages 3–Teen)
The best time to teach kids about money is before they have any. The second best time is right now. These are the books we actually use — books that make money concepts concrete, age-appropriate, and interesting to children who would rather do literally anything else. Note: Amazon affiliate links below. Purchases through these links…
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The 529 Math That Will Make You Open an Account Today
Most parents know they should open a 529. Almost no one does it the week their baby is born. Here’s the math that changes that. The Numbers If you invest $95,000 at birth in a 529 (the 2026 superfunding limit per parent) at a historical average return of 6%: By age 18: approximately $271,000. That’s…