By Dr. Jim Dahle, WCI Founder

Adulting is hard. We all want our kids to succeed personally, professionally, and financially. A parent’s biggest dilemma is, “How can we best set them up without ruining them?” Here are five suggestions that are highly likely to help with little danger of hurting them. The first three should be done before they turn 18 and the last two as they turn 18.

#1 Open a Roth IRA

As soon as kids start earning money, you should open a Roth IRA for them. Whether it’s their money going into the Roth IRA or your money (technically it’s always their money, but you know what I mean), it’s good to start saving early. At the very latest, however, you need to open a Roth IRA BEFORE they turn 18. Before age 18, it’s a custodial IRA that you can open on their

Keep reading this article on The White Coat Investor.