Parents or grandparents of recent college graduates who want to help children get on the right financial footing may actually want to focus on their retirement.

Recent graduates tend to be in low tax brackets in their early working years — when it pays for them to save as much as they can in a Roth IRA or Roth 401(k). And a matching contribution from a parent or grandparent could make a huge difference. In some instances, the payoff could be greater than starting out with a tax-advantaged IRA or 401(k).

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