A Roth IRA Can Help Your Child Become a Millionaire Before Retirement

It's one of the hottest retirement accounts on the planet -- granting you access to contribute after-tax dollars that will grow 100% tax-free. Simply put, if your child's Roth IRA reaches a million dollars, the entire one million dollars is theirs to keep once they reach 59 1/2 -- there's no need to share earnings with the IRS. Before you run to the nearest brokerage to open an account, though, make sure your child actually qualifies to have a Roth IRA.