No. of Recommendations: 1
If your young relative is not yet out of college, he is still plenty young enough. Young folks don't make a lot of income, so it is a great time to establish a Roth as the taxes paid are almost certainly going to be less than those he will owe during retirement.

My 19 year old daughter opened her first Roth IRA at the end of summer with earnings from her first summer job. When she is home at Christmas we will talk about what companies she wants to invest her $$s in. Luckily this daughter is interested in investing.

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