Ask Suze & KT Anything: I Can’t Save Money
Suze Orman's Women & Money (And Everyone Smart Enough To Listen)
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Can I Open a Roth IRA for My 16 Year Old if She Works a Summer Job?
Can Irene open a Roth IRA for her daughter who simply has just a summer job right now? Yes, or no. If she can do that, what is the maximum amount that she can put in? $6,500 a year. The maximum you can put in to a Roth regardless of age is 100% of your earned income and $7,500 if you're 50 or older.
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