My 3-year old daughter will have a $2.4 million Roth IRA at age 60 without me or my wife adding another penny. Learn how we started a Roth IRA for her when she was 2 months old, and how you can do the same.
const FP = {“featured_posts_nonce”:”e78e276911″,”featured_posts”:[{“description”:” My 3-year old daughter will have a $2.4 million Roth IRA at age 60 without me or my wife adding another penny. Learn how we started a Roth IRA for her when she was 2 months old, and how you can do the same. “,”hub”:{“hub_title”:”Investing”,”hub_link”:”https:\/\/time.com\/nextadvisor\/investing\/”},”ID”:54752,”image”:”https:\/\/time.com\/nextadvisor\/wp-content\/uploads\/2022\/08\/My-3-year-old-daughter-has-more-money-in-her-Roth-IRA-than-you-\u2014-probably.jpg”,”link”:”https:\/\/time.com\/nextadvisor\/investing\/our-3-year-old-daughter-might-have-a-bigger-roth-ira-than-you\/”,”post_title”:”Our 3-Year-Old Daughter Might Have a Bigger Roth IRA Than You. Here\u2019s How You Can Catch Up”,”reading_time”:7},{“description”:”The ‘Recession Help Desk\u2019 will help you determine whether saving money or paying down debt should be the higher priority right now.”,”hub”:{“hub_title”:”In the News”,”hub_link”:”https:\/\/time.com\/nextadvisor\/in-the-news\/”},”ID”:54402,”image”:”https:\/\/time.com\/nextadvisor\/wp-content\/uploads\/2022\/08\/NA-Recession-Help-Desk-Recap.jpg”,”link”:”https:\/\/time.com\/nextadvisor\/in-the-news\/cnet-money-recession-help-desk\/”,”post_title”:”3 Money Questions to Ask Yourself in a Recession, According to Financial Expert Farnoosh Torabi”,”reading_time”:3},{“description”:”President Biden has promised Americans saddled with student loans that more help is on the way. Student loan borrowers will get some clarity in August.”,”hub”:{“hub_title”:”Student Loans”,”hub_link”:”https:\/\/time.com\/nextadvisor\/loans\/student-loans\/”},”ID”:54196,”image”:”https:\/\/time.com\/nextadvisor\/wp-content\/uploads\/2022\/08\/NA-Joe-Biden-080522.jpg”,”link”:”https:\/\/time.com\/nextadvisor\/in-the-news\/three-student-loans-pause-decisions-from-biden\/”,”post_title”:”Will Biden Extend the Student Loan Pause or Forgive Loans? 3 Decisions He Has to Make Soon”,”reading_time”:5}]};
You must check the box to agree to the terms and conditions.
You must check at least one of the boxes to proceed.
Thanks for signing up!
We’ll see you in your inbox soon.
More info
Every Tuesday
Learn all about finances in next to no time. Each week, you’ll get a crash course on the biggest issues to make your next financial decision the right one.
More info
Every Thursday
Get all of our latest home-related stories—from mortgage rates to refinance tips—directly to your inbox once a week.
Coming soon
More info
Every Tuesday
Take control of your financial future with information and inspiration on starting a business or side hustle, earning passive income, and investing for independence.