Solo Teen Ira » (DIRECT)

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

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

Every dollar earned via investment growth is withdrawn tax-free in retirement. Wages from a part-time job (W-2), or 1099

Since minors cannot legally open brokerage accounts, a parent or guardian must open a . Wages from a part-time job (W-2)

Contributions are made with "after-tax" dollars. Since teens usually fall into the lowest tax bracket, they pay little to no tax now.