individual retirement account

A Roth IRA, or individual retirement account, is another option for older grandchildren who earn money, Lindquist says.

Joseph Nye, an eminent professor emeritus at Harvard, told me that he had been thinking of donating part of his individual retirement account to Harvard when a friend suggested a community college instead.

Last month, given the choice of putting money into my individual retirement account or spending it on a French brass clock, it took about 45 minutes to choose the latter course.

Teenagers with earned income can contribute to a special retirement account known as a Roth individual retirement account.

A traditional individual retirement account, a Roth I.R.A. and an individual brokerage account, for example, would each qualify for a $500,000 limit at the same firm.