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 investing 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
Eligible participants are under age 18 and must have earned income for the tax year in which a contribution is made
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
Transaction fees, fund expenses, brokerage commissions, and service fees may apply
Full range of investment choices
Choose from a wide range of stocks, bonds, options, mutual funds, and ETFs
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