This isn’t fake news. You read that right. Saving anything at any age is better than not saving at all. However retirement professionals say that even babysitting money can be used to start a retirement account. We already know that the traditional three-legged stool – pension, Social Security and savings – will not continue to exist the way that it has, so the earlier anyone starts the better.
See this piece in Northern Virginia magazine on kids saving for retirement, and then pass the word.