According to the Internal Revenue Service, parents can elect to fill out the one page form 4547 – a nod, according to The Hill, to Trump being the 45 th and 47 th president – to set up their account.

You will be asked about and likely will recommend Roth IRAs in your financial advising practice. To best help your clients, here are the questions you should be prepared to answer about Roth IRAs.

Earn hundreds more on your savings with a top high-yield savings account. See how a simple switch could boost your account balance this year.

Here are IRA contribution limits, income limits and rollover rules for Roth, traditional, SIMPLE and SEP IRAs at a glance.

Investing in your retirement savings throughout your career can be a great financial habit, but one Roth IRA mistake could be ...