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
Trade more, pay less
With E*TRADE, you pay a $9.99 commission for stock and option trades. Here’s a quick overview of our clear, competitive per-trade pricing.
Explore similar accounts
Build a child’s future
An account managed by a parent or other custodian for the benefit of a minor.
Invest in a child's future
A Coverdell Education Savings Account helps save for qualified primary, secondary, and post-secondary educational expenses.
Potential tax-deductible contributions
Save for retirement with tax-deductible contributions and tax-deferred growth potential.