: You contribute after-tax dollars . This is a massive win for teens who are typically in a 0% or very low tax bracket.
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: For 2026, the limit is $7,500 or 100% of your earned income , whichever is less. : You contribute after-tax dollars
: You can withdraw your original contributions at any time, tax and penalty-free. This makes it a great "emergency fund" for major life goals. For financial advice, consult a professional
: Parents can contribute on a teen's behalf . If a teen earns $1,000 at a job and spends it, a parent can still put $1,000 of their own money into the teen’s Roth IRA. 3. The "Gallery" Effect: Compound Interest in Action
: Wages from a summer camp, mowing lawns , babysitting, or even professional child modeling count as earned income .