Teen Ira | Solo

They can contribute 100% of their earnings up to the annual limit ($7,000 for 2024/2025). 💰 Roth vs. Traditional: Why Roth Wins

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

Every dollar earned via investment growth is withdrawn tax-free in retirement. They can contribute 100% of their earnings up

Allowance, cash gifts, or investment income (dividends/interest). or investment income (dividends/interest). Fidelity

Fidelity, Charles Schwab, and Vanguard are popular choices with $0 account minimums.

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

For almost every teenager, the is the superior choice.