Smart Money has this article recommending that parents set up a Roth IRA for their teenage children. Good idea: it’s never too soon to help your family, loved ones, or friends get a jump on saving for their future. And once your child reaches retirement age, they’ll be able to take IRA distributions tax free, a major Roth advantage. If our firm, Johnson Law KC LLC, can help you with your estate planning needs or provide you with more information about retirement savings strategies, or any of your legal needs, give us a call (913-707-9220) or email us (steve@johnsonlawkc.com) to schedule for a convenient appointment.

(c) 2012, Stephen M. Johnson, Esq.