Set up for success: Put children on the payroll
By Megan SaylesAFRO Business Writermsayles@afro.com It’s common for young adults to start thinking about retirement plans once they begin working full-time. But saving can start much earlier, especially if parents hire their children. Investment brokerages allow parents and legal guardians to open Roth Individual Retirement Accounts (IRAs) on behalf of their children no matter their