Did you know that even kids can have retirement plans?  Many people open ROTH IRAs for their kids because they understand the power of compounded interest in a tax-free account.

If you only put $1000 in one time and let it sit in a ROTH IRA account that gets 5% annual interest, your child will have  $11,467 in 50 years.

At 10% annual interest they'll have $117,391!

At 15% annual interest they'll have $1,083,657!!!!!


So the next time the grandparents ask what to get your kids, tell them a ROTH IRA!

Consult your accountant for more information.