Is your teen old enough that he or she is earning wages from a part time job? If that’s the case, then it’s prime time to start educating your young adult on the benefits of saving for the future—while reducing taxable income. Here, Kevin McCormally of Kiplinger Personal Finance shares tips for setting up an IRA in order to teach your teen the value of a tax shelter.
IRA Tax Shelters: Never Too Early to Learn
on March 7, 2014
By Jeff Wolfe