Talk to Your Child
Here are some discussion points to have with your child, when the time is right.
Be sure that you can fully explain each question.

1. What is social security?
2. Why do I need my own retirement investments?
3. What is diversification?
4. What is a Roth IRA?
5. What is a mutual fund and how do I understand monthly mutual fund statements?
6. How is a mutual fund selected?
7. What is dollar-cost averaging?
8. What is a prospectus?
9. If I withdraw the money, how can I spend it?

Note: Consult your financial advisor if you need help with answers to any of these questions.

• Q - What is the purpose of this investment?
  A - Retirement savings.
  
• Q - Can the money be used before I am 70?
  A - Yes.
• Q - Can I continue to add to the account after I move away from home?
  A - Yes, any time you have earned income.
• Q - Do I have to pay taxes when I make a withdrawal?
  A - No.
• Q - Should I continue to contribute after I am no longer employed by Work 4 Dad, Inc.?
  A - Yes.