So this year, as a way to make your teen a millionaire, start a Roth IRA account for them. It allows the teen to start saving for tax-free income and learn the value from it, and It develops a good habit for savings and investing sorely lacking in most teens and adults.
Wealth Virtues Journal: December 2, 2012
Wealth Virtues Journal: December 23, 2011
Anyone can have tax-free retirement income which can also be passed to your heirs also tax free!
Wealth Virtues Journal: January 27, 2011
A while back, a service I recommend in my book Wealth Virtues, the Stock Advisor from Fool.com recommended Netflix stock (NFLX) as an addition to anyone’s portfolio. I took that advice, mostly on the Fool.com recommendation, but also because of my experience as a new customer.
Wealth Virtues Journal: November 13, 2010
Wealth Virtues Journal: September 10, 2010
There are many circumstances in life where we may not be fortunate enough to have started serious retirement investing until late in life. Never fear. Beginning to invest, or increasing your investments at age 50 may bring some unexpected benefits.