I know this is a 20-something forum, but I didn't see where else to ask this question. If it needs to be elsewhere, please let me know.I have 2 kids. One is 12 and one is 9. I pay them both a small yearly salary from my business for things like emptying the trash, shredding documents, cleaning up, and so on. They both file taxes.I would like to set up a retirement account (a Roth) for them, but I haven't been able to get a clear answer about the required age.Some sources have told me they need to be 13, some say 16, and some say that they just have to have earned and reported a wage in any given year to make contributions.So, I need to know what the real answer is.I would love to be able to have them contribute even a little bit each year. What a head start that would be!Thanks in advance :-)
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