IRA for Minors

For children under 18 with earned income
  • Benefit from tax-deferred potential earnings
  • Build a portfolio from our full range of investment choices
  • Choose a Roth or a Traditional IRA
up to $5,500/year

annual contributions or 100% of compensation, whichever is lower


number of employed 16-19 year-olds in the U.S.

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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, 8,000+ mutual funds, and ETFs

Explore similar accounts

Custodial Account

Help build a child’s future

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

Coverdell ESA

Invest in a child's future

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

Traditional IRA

Potential tax-deductible contributions

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