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23 votes. |
Is there a young
investor in your household? Can you convince your teen or young child to start saving money now for retirement? There are a few avenues to entice them into a consistent savings program: Stein Roe Young Investors Fund, at http://www.steinroe.com, permits an initial $100 minimum investment and $50 per month or $1,000 as the initial investment. Educational literature, geared specifically to your young investors age group, is mailed periodically with statements. Call 1-800-338-2550 for info. Anyone can invest in USAA plans. One designed for young investors requires a $250 minimal investment and $20 each month. Call 1-800-322-5482 to get started. Kids can join an investment club as an alternative. Visit Better Investing for more information at http://www.better-investing.org. |