IRA for Minors

A retirement account for children under 18 with earned income
  • Benefit from tax-deferred potential earnings
  • Choose a Roth or a Traditional IRA
  • Build a portfolio from a wide range of investment choices, or consider an automated advisory solution with Adaptive Portfolio

up to $5,500/year

annual contributions, or 100% of compensation, whichever is less


16–19 year olds are employed in the U.S.

Features of an IRA for Minors

Head start on retirement - image

Eligibility information

Eligible participants are under age 18 and must have earned income for the tax year in which a contribution is made

Tax- deferred earnings - image

Tax-deferred earnings

Earnings are tax-deferred, which may allow for assets to accumulate more quickly than in a taxable account

No annual IRA fees and no account minimums - image

No annual IRA fees and no account minimums

Transaction fees, fund expenses, brokerage commissions, and service fees may apply

Full Range of Investment Choices - image

Full range of investment choices

Choose from a wide range of stocks, bonds, options, mutual funds, and ETFs

Explore similar accounts

Custodial Account

Build a child’s future

An account managed by a parent or other custodian for the benefit of a minor.

Learn more

Coverdell ESA

Invest in a child's future

A Coverdell Education Savings Account helps save for qualified primary, secondary, and post-secondary educational expenses.

Learn more

Traditional IRA

Potential tax-deductible contributions

Save for retirement with tax-deductible contributions and tax-deferred growth potential.

Learn more