Money in a Roth IRA grows for decades and comes out completely tax-free. Start at 17 instead of 30 and that head start can be worth hundreds of thousands — for doing nothing but starting early.
Imagine an account where your investments grow for 40 years, and when you finally pull the money out in retirement, you owe zero tax on all those gains. That account exists. It’s called a Roth IRA — and being young is the single biggest advantage you can have with one.
— Educational, not financial advice.