A parent called me last spring with a question I hear constantly: “My daughter just turned 22, has her first real job, and I want to help her start a Roth IRA. Where should she open it?” Choosing a Roth IRA for an adult child sounds simple, but the differences between brokerages — fees, minimums, … Read more
A dad walked into my office last spring with a crumpled printout of his 14-year-old daughter’s first paycheck — $312 from a summer job at a local bakery. He wanted to open a Schwab custodial Roth IRA for her that same week. That question — “Can we do this at Schwab?” — is one I … Read more
A father walked into my office a few years ago with a simple question: his fifteen-year-old daughter had earned $3,200 that summer lifeguarding, and he wanted to know where to put it. I told him immediately — a Fidelity custodial Roth IRA. He had never heard of one. By the end of that meeting, we … Read more