Roth IRAs for Children Earning a Wage on the Farm
Many farm families allow children to earn a wage from their labor. These early dollars earned are often placed in a savings or a 529 account. However, Roth Individual Retirement Accounts (IRAs) are an interesting alternative that should be considered for these funds.
To learn more about the benefits of a ROTH IRA for farm youth, read this article from the Center for Agricultural Profitability.