02.02.23 Tax Filing Options: A Clark Guide / Maximize Your Savings
The Clark Howard Podcast
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Is It Legal to Fund a Roth IRA for a Minor Child?
You don't have to do either of those things. All you have to do is keep a record of her income and whatever expenses she has. She keeps good records of that and then she's eligible to do a Roth IRA with her net earnings up to the maximum amount of her earnings in a year until she's earning a huge amount of money. Fidelity, you need $1 to open a Roth IRA and fidelity is the most friendly of all financial houses to a minor child having an investment account and a retirement account.
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