Millennials are the most highly educated generation, yet the most common jobs for this bunch are found in retail. No wonder their wages are stagnating.
To help your twenty-something kids get a financial leg up, set aside $5,000 for each to open a Roth IRA (as long as they have earned income, they qualify). Roths are funded with after-tax dollars, so they're ideal for young workers in a low bracket now.
Your kids can invest the money in a target-date fund, such as T. Rowe Price Retirement Fund 2055 (. They can also tap the funds tax-free at withdrawal, or before then for a house down payment or their own children's tuition. )
Don't let the shaky economy stress you out. A grand can still improve your career prospects, lower investment risk, make your home safer and more.