Teen Ira - Solo

For almost every teenager, the is the superior choice.

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

If the teen is self-employed (babysitting), keep a simple log of dates, jobs, and payments in case of an IRS audit. For almost every teenager, the is the superior choice

Allowance, cash gifts, or investment income (dividends/interest). For almost every teenager

Wages from a part-time job (W-2), or 1099 income from "gig" work like babysitting, lawn mowing, or dog walking.