This holiday season, consider giving the gift of a big head start on lifetime financial security to the children in your family by giving them funds to contribute to Roth IRAs. There's no lower age limit on having a Roth IRA as long as a child has earned income. And an early start on saving can have a tremendous long-term payoff through the power of compound interest.
Moreover, most children are interested in money and enjoy watching dollar amounts steadily increase in accounts in their names, even having no interest in retirement security. So your gifts that are tied to their working and saving may teach children the payoff from earning and investing, providing an educational benefit that itself proves extremely valuable over a lifetime.