My baby boomer clients are finally starting to grasp the concept of the tax free benefits of the Roth IRA. So much in fact in that they want to make sure that their kids start a Roth IRA and, in some cases, even their grandchildren. I even had one grandfather who wanted to set up a Roth IRA for his 5 year old grandson. While giving your kids the benefit of tax free savings sounds sweet, there are some key rules when it comes to Roth IRA’s for minors.
Here’s what you need to know about how your kids can enjoy tax free money.
Be sure to check out the rest of the Roth IRA rules.
