Solo Teen Ira -

For almost every teenager, the is the superior choice.

When the teen reaches the "age of majority" (usually 18 or 21, depending on the state), the account is converted to a standard Roth IRA in their name. 💡 Pro-Tips for Success solo teen ira

Since minors cannot legally open brokerage accounts, a parent or guardian must open a . For almost every teenager, the is the superior choice

If the teen is self-employed (babysitting), keep a simple log of dates, jobs, and payments in case of an IRS audit. For almost every teenager