Replying to Who wants to be a millionaire?

If you want some skrilla when you retire talk to your parents about getting a Roth IRA. The sooner the better. You put in money that you have made, so it is already taxed, so that when you take it out at age 65, they don't tax you then. Putting in 4,000 dollars a year between ages 16 and 21, by the time you are 65 you will have over 2 million dollars (at about 10% interest) and its tax free! You can also invest it in mutual funds, bonds, whatever so there is more flexibility than 401k's, so if your willing to take big risks, you will get even bigger rewards.. The only catch is you need a job, and you cannot put in more than you've made. So talk to your parents and ask them to double any money you put into it this summer, and see what they think.