Reply to What age to start Roth/ retirement plan for teen daughter?

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[quote=Anonymous][quote=Anonymous]It's less about the age and more about earned income. Roth is not a miracle account. The success of it depends what you buy inside of it.
If possible, max it out every year. If you don't, you are missing out money growing tax free forever.
Do not pick 401k match over Roth.
Vanguard should be your last choice. Fidelity and Schwab are 100x better. I opened it with Robinhood and got with the match. My other ones is with Fidelity and Vanguard one is languishing. Vanguard makes it very hard to buy and sell stocks. They suggest you buy and hold their funds forever while they collect fees.
For those who really wanted to start their kids off early, could have opened one for yourself left it for your child. Our kid inherited one. Imagine if it had had any money in it. Now I need to buy and sell to grow it til the kid is 18 and can get it.

[/quote]
I disagree with a lot of the above:
Don't really agree with the 401k match is not better than a Roth, which is essentially free money from your employer.  Get that before you fund a Roth.
Also don't agree that Vanguard is bad, their fees are usually around a 10th of 1%, not exactly huge, plus I don't put individual stocks in the Roth, just Total Market Funds or other things that I buy and hold.  
You don't need to buy and sell to grow your accounts, period.  That is straight up bad advice.[/quote]

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