AllFinancialMatters

A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.

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Friday, June 24, 2005

Excellent Article on Roth IRAs for Kids

John Waggoner of the USA Today has a really good article on Roth IRAs for kids who have summer jobs. The real beauty of a kid starting a Roth IRA is that they are most likely in a low tax bracket now and since they are starting so young their accounts have time to grow, chances are good that they will be in a higher tax bracket when they retire.

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