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Retirement Discussions / Retirement for 20 Somethings


Subject:  Re: Opening Roth for kids Date:  7/22/2009  3:52 PM
Author:  Smile31 Number:  19 of 27


As a 20 something, I see a lot of my friends struggling with college debt. This has kept a lot of them from opening a roth.
If you think your kids might go on to more school after high school, I would recommend looking into a 529 plan. It works similar to a Roth except for school expenses instead. This could give them a wonderful headstart when they graduate (and the excess can be transferred to the younger sibling, cousins, future grandkids etc).
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