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What is a Roth IRA for kids, and how does it work?

Summary by KRQE News 13
(NewsNation) — A Roth IRA is one of the most powerful retirement accounts, and even kids can contribute to them. Savers love Roth individual retirement accounts (IRAs) because contributions and earnings grow tax-free. You'll pay after-tax dollars on the front end, but when it's time to retire (after age 59 1/2), you can withdraw your money tax-free. A custodial Roth IRA offers the same benefits as a Roth IRA except it's set up for a child, and a…

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Intelligent Living broke the news in on Sunday, February 9, 2025.
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