- There’s no age limit. If your baby lands a modeling gig and earns income, that money can go into a Roth IRA for kids. - The child must have earned income. If your kid has earned income, they can open a custodial Roth IRA for kids. - There are contribution limits. The Roth IRA for kids contribution limit remains the same as Roth IRAs for adults.
There is no black and white when it comes to “the best account,” but there are some considerations that can help you make a decision for what will work best for your individual financial situation. - Fees - Account minimums - Investment options - Investment support