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Dear Liz: Our 16-year-old daughter has been frugal since she started understanding money at about age 6. She works and makes a decent income for a high school student. Her savings are now quite substantial. She wants to open a Roth IRA while she is young and has no income tax liability. My wife and I have pensions and substantial savings but only one IRA account. So we have no idea how to help her open a Roth. What should she do? She has enough money to maximize her contributions every year through high school and college and wants to take full advantage of 50 years of tax-free growth.