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And one more suggestion. When the kids were younger, they didn't mind putting 100% of their earnings into their Roth, but as they hit driving age, they needed money for expenses like car insurance, gas, and general teen-ager spending money. At the suggestion of another Fool, we matched their Roth contributions so that they were putting half of their earnings into their Roth IRA, and we funded the other half.

Our guys are already putting half their income into an account that will be their seed money to establish themselves when they graduate college, so we fund 100% of their Roth. Until this year when Eldest got a great paying internship, it has not been a huge amount, but at 18 he now has about $10K in his Roth. This does not count against him for college funds.

We have discussed with him the importance of keeping these funds for retirement, and it actually gives him some seed money to start his investing education, as well as giving us a clue as to how he will handle his money going forward.

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