Teen Ira — Solo

When the teen reaches the "age of majority" (usually 18 or 21, depending on the state), the account is converted to a standard Roth IRA in their name. 💡 Pro-Tips for Success

Set up a small monthly transfer to teach the "pay yourself first" habit. solo teen ira

Allowance, cash gifts, or investment income (dividends/interest). When the teen reaches the "age of majority"

For almost every teenager, the is the superior choice. depending on the state)