Turn Your Child Into a Tax-Free Millionaire for $25 a Day

Charlene Rhinehart, CPA, The Motley Fool
·4 min read
Turn Your Child Into a Tax-Free Millionaire for $25 a Day

There might not be a one-size-fits-all manual for raising a child, but there are simple steps you can take to put your child on the path to building wealth. For example, the Roth IRA (a special individual retirement account) comes with incredible features that allow kids who earn income to stash away money in the account and accumulate tax-free income. The clock is ticking, so we'll start with a few items you need to know to give your child the best chance at financial success.