Reported 4 months ago
With many Americans fearing financial instability in retirement, it's important to teach children about saving early. This article outlines three effective methods for parents to help their kids start saving for retirement now: opening a high-yield savings account, setting up custodial accounts for investments, and contributing to a Roth IRA, provided the child has earned income. These strategies can instill good money management habits and leverage the power of compound interest.
Source: YAHOO