IRAs for Kids: It's Never Too Soon

What's the best age to start saving for retirement? A common answer is when you start your first "real" job and can sign up for a 401(k) or other plan offered by your employer.

But often children are working long before that. If their parents encouraged it, probably even more young people would do appropriate work, such as babysitting or dog-walking, for pay. And that's all it takes to do what may be the best way to help your kids get a head start on retirement savings: Put some or all of their earnings into an IRA.

IRAs for Kids: It's Never Too Soon
Source: Yahoo! Finance