I outlined in my book there are some key milestones that typically measure your readiness for retirement. I lay out various goals for your 30’s, 40’s, 50’s, etc. I also talk about how early to start. At the extreme beginning of the age scale is in your teen years.
Teenagers thinking about retirement? Not very likely, but parents can take the initiative to getting their teens thinking beyond the latest iPod/iPhone/IGottaHave and set up a view to retirement. Thanks to compound interest, TIME is the biggest component of a retirement plan.
The NY Times article lays out some of the things to think about when determining if a Roth is the right thing for a teenager.