If a teen earns $2,000 and wants to spend it on a car, parents can "match" that amount by contributing $2,000 of their own money into the teen's IRA (as long as the total doesn't exceed what the teen earned).
By starting just 10 years earlier, the teen ends up with the money at retirement. 🛠️ How to Set It Up solo teen ira
Since minors cannot legally open brokerage accounts, a parent or guardian must open a . If a teen earns $2,000 and wants to