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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We started Roth IRAs for each kid at 15, as soon as they had earned income. [/quote]

Same. We also funded them and let our teen keep the money he earned. I imagine we will continue to do so for a while. [/quote]

+1. Teen is now 18 and has about 10k in Roth (started at 14) and will add $6500 this year.  If he earns it, we fund it completely up to the yearly limit.  We’ll probably do this through college. A nice little nest egg to start him off for retirement after college. [/quote]

I did the exact same. My 21-year old knows that she is responsible to start contributing to the Roth once she graduates college and gets a "real" job. Funnily enough, she didn't use all of her 529 plan, so she will get about three years' worth of contributions from that. My 18-year old has gotten the same deal. She will not, however, have any money leftover in her 529. My 15-year old hasn't started working yet.

We are fortunate to be able to give this gift to our kids. It's hard for teens to understand the value of retirement. I was a very responsible young adult and I still remember when I got my first job out of college and the Human Resource manager told me about my retirement benefits, and I thought she was crazy![/quote]

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