| Why Children Aged over 16 should make ROTH IRA Contributions?
Most taxpayers are quite aware with the benefits of ROTH IRA contributions and are familiar with the fact that ROTH IRA contributions can grow tax free and after meeting the required holding period, all distributions can be withdrawn tax-free.
But, what about the possibilities of a Child making a ROTH IRA contributions! The facts are quite amazing. Consider the Child aged 16 and over working a temporary job and making a $4,000 ROTH IRA contribution invested in a diversified mutual fund, that earns a historical rate of say 8% (over the next 45 years). At Age 60 the Child would have potentially accumulated an amount considerably over $100,000!
Just imagine a 16 year child working 2-3 Summers and earning enough to make a ROTH IRA contributions for those years, then at Age 60, the Child's accumulations in the ROTH IRA would amount to substantial amounts possibly in excess of $200,000! | 
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