We are thinking of opening a Roth IRA for our three-year-old child. She will build it slowly, over the next fifteen years (till she is eighteen), and we’ll watch it grow with her. Hubby, (he is the obsessive one that does our budget weekly and checks it daily), will guide her as she learns about her financial wealth. We choose a Roth IRA as she can contribute into it herself with her own earnings. Three cool things about why we choose a Roth IRA: You can use the cash from your Roth IRA to help you purchase your first home! … Continue reading →