Many teens are thinking about retirement but lack knowledge on how to plan. Experts recommend starting with a Roth IRA, even with small contributions, due to the advantage of time. The sooner you start saving, the more time your money has to grow tax-free. While teens usually think of banks for savings, investing with a financial advisor can provide greater returns. Opening a Roth IRA is a suggested first step for teens, even if they only put away small amounts.
