Seed a Roth IRA for your grandkids

<i>Kiplinger's Retirement Report</1>, Mary Kane, and Associate Editor •

As summer approaches, teenagers and college students are usually busy planning for summer jobs. And the income they earn gives grandparents an opportunity to help the youngsters build a nest egg by contributing to a Roth IRA on the grandkids’ behalf. Contributions to Roth IRAs give grandchildren “a huge head start,” says Jennifer Failla, a