A Roth IRA is a retirement account that lets savers invest money that’s already been taxed.
But it's not just for 'grownups' collecting paychecks and W2s.
According to LifeHacker, even kids who earn money shovelling snow or babysitting can open one.
They're great vehicles for young investors, who are in lower tax brackets now than they will be in the future.
There is no age minimum for a Roth IRA. You can open one for a child of any age, as long as they earn income.