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Reply to "Helping Setting Kids up for long term Financial Stability"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]How can I open Roth IRA for DS? Do you contribute up to the earned income and let kid keep the income as his pocket money? [/quote] DP: We did 1:1 matching so he got to keep 1/2 of earned income. I thought it was important for him to contribute to help build that habit/identity. He was 100% willing to put in enough to max it out. You can just open one up like you do any account. Vanguard and Fidelity are both good places.[/quote] Thank you.[/quote]
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