Growing up adds complexity, especially in financial decisions like investments and retirement savings, causing anxiety. Experts advise early consideration of a Roth IRA for tax benefits, post-tax contributions, tax-free withdrawals,
The money that you are saving is an asset that has the potential to generate higher returns, which will help him reach his goals faster. The amount that will have to be set aside from the current income will come down since the returns that will be generated will add to the corpus being created for their future needs.