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Reply to "What age to start Roth/ retirement plan for teen daughter?"
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[quote=Anonymous][quote=Anonymous]I just opened one for DC 19yo, rising college sophomore. I’m opening it at vanguard and funding it with $1k in a low cost, vanguard total stock market fund. Once they get a real job, they can contribute more, but I made them set up the account and link it to their savings/debt account for future use. Setting up the account is the hard part for them. We don’t have a spare $7k max to put in there, otherwise I would give more. [/quote] You can’t just “give” him money. He needs to have earned income. He is working right? [/quote]
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