Dollars and Diagrams

Roth For Kids

Roth IRA

Most people do not realize that your children can have Roth IRAs as minors.

  • A custodian (parent, grandparent, etc.) will be appointed until the children reach the age of majority (usually 18 or 21).
  • 100% of earned income can be contributed to the Roth IRA up to $6,000 (2021).

For example, if your child makes $2,000, they can contribute $2,000.

  • The Roth IRA offers a huge head start in your children becoming financially independent.

NOTE:  You always have penalty-free access to the contributions (not the earnings).


A Roth IRA offers tax deferral on any earnings in the account. Qualified withdrawals of earnings from the account are tax-free. Withdrawals of earnings prior to age 59 ½ or prior to the account being opened for 5 years, whichever is later, may result in a 10% IRS penalty tax.

Information in this material is for general information only and not intended as investment, tax, or legal advice. Please consult the appropriate professionals for specific information regarding your individual situation prior to making any financial decision.

LPL Tracking #1-05124549


College Planning

Disability Insurance

Estate Planning



Life Insurance

Retirement Funding

Roth IRA


financial fortress blueprint
Ready To Get A Plan To Conquer Your Finances Once And For All?

Your 1-Page Financial Fortress Blueprint Is The First Step. Click Below To Learn More.

graphic 10 actions to take

10 Actions To Take 10 Years Before Retirement

In this paper we discuss 10 actions you should take to develop and deploy a successful long-term wealth plan. It will help you make decisions about your financial journey today and well into your retirement chapter.

Success! Check your email inbox for next steps!

Pin It on Pinterest