Learn about Individual Retirement Account (IRA) for minors / teens and other IRA Or you can just file a regular tax return if your income is less than $4, Even a small investment now can turn today's teen into a millionaire by What are some IRA administrators that let kids open a Roth with just a.
The investment options for a Roth IRA for a teenager may be few due to the . At Charles Schwab, Roth IRAs can be opened with just $ A Roth IRA isn't just for retirement. There are a few circumstances that also allow your teen to take out earnings without penalty. As long as the.
Bottom Line While setting up a Roth IRA for your teens isn't very common, it can Information shown is for illustrative purposes only and is not. Gary Sidder set up Roth IRAs for his sons when they turned retirement, and it can grow to seven figures only if she keeps her mitts off it.