As the first signs of fall begin to appear, parents rejoice as school is back in session, and our youth daydream of those long sun-filled days of summer.A vast majority of today’s young adults spend their summers in a wide variety of summer jobs.
Some focus on internships, while others look to build their savings accounts for future aspirations. We all can remember the blood, sweat, and tears that went into our summer jobs as children. One aspect that every generation’s youth has had in common regarding summer employment is earned income. There is a retirement savings vehicle that is gaining popularity among families which allows parents to teach the basics of saving, the law of compounding growth while acclimating children to a vehicle they will come to rely on during retirement.
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