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Why Your Kid Needs a Roth IRA

Source: https://nerdwallet.com/blog/investing/why-your-kid-needs-a-roth-ira/ - Mar 10, 2020

A Roth IRA isn’t typically considered a savings vehicle for kids, but it should be.

Roth IRAs are ideal for kids, because children have decades for their contributions to grow tax-free. And these accounts offer flexibility, too: Contributions to a Roth IRA can be withdrawn tax- and penalty-free at any time.

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Category: General Business
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