Hi Bogleheads,
I just opened Roth IRA for our two sons who will be 15 and 16 this year. We are starting with small amounts (about $1000 each) as that's all they made in earned income last year, but figured it's a start at least.
That being said, I wonder what would be good mutual fund or ETF to start with? Also, does it matter at this point for them if they start with mutual fund or ETF? Since this is retirement account I believe it does not matter that much as they can make changes (if they decide) without any tax implications.
Thanks
M&M
I just opened Roth IRA for our two sons who will be 15 and 16 this year. We are starting with small amounts (about $1000 each) as that's all they made in earned income last year, but figured it's a start at least.
That being said, I wonder what would be good mutual fund or ETF to start with? Also, does it matter at this point for them if they start with mutual fund or ETF? Since this is retirement account I believe it does not matter that much as they can make changes (if they decide) without any tax implications.
Thanks
M&M
Statistics: Posted by m&m2035 — Fri Apr 12, 2024 6:54 am