[quote=plm]Putting in 6K starting at such a young age is going to be huge later in life, all tax free.[/quote]
yes. So starting at 15 and reaching 30, that should be roughly 1/2 million. Also, with no further contributions, by 60 that should be pretty big. As an added bonus, if contributions stop right before marriage, and provided no other money is comingled during marriage, that Roth IRA is clearly separate property, so in the unfortunate event of a marriage failure, thats still my kids separate property. IRAs also have some level of asset protection from creditors…
