Roth IRA
The Roth IRA is a relatively new kind of individual retirement account that not only provides for tax-free growth, as is the case with traditional IRAs, but tax-free withdrawals as well.The Roth IRA and children
The Roth IRA is a particularly good investment for children.
A ten-year-old with a paper route who commits to putting $5.00 per week into the LottoStocks program would, by age 65, have accumulated, at 8% compound interest, $237,810 tax-free within a Roth IRA. Contributing $10.00 per week at 10% compound interest from age 10 until a more likely retirement age for the current youth of today -- 75 years of age -- would produce a tax-free nest egg of $3,103,036.