Leave your grandkids a Roth IRA that will be worth millions

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Grandparents who spoil the grandchildren with ice cream and attention are a blessing. But grandparents who create a wealthy future for their grandchildren — or their own children — leave a legacy that lasts long after they die.

If you have some extra money that you are unlikely to require during your life — particularly extra money in a Roth IRA — you can help ensure that the next generations will have a little extra throughout their lives and retire in comfort.

The plan to leave an inherited Roth IRA windfall can work for your own children, but the longer the money grows mostly untouched, the bigger the pot gets. So aiming to help the grandkids might be a better idea.

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