Roth IRA for Kids

Help a child invest for the future. This account can be opened and managed by any adult—parent, grandparent, aunt, uncle, family friend—on behalf of a minor earning income.1

Account benefits

  • Potential tax-free long-term compounded growth potential
  • Penalty-free withdrawals for qualified higher education expenses or up to $10,000 for first-time home purchase
  • No minimum to open and no account maintenance fees
  • Any adult over age 21 can open for any minor who has qualifying income
  • Adult custodian maintains control of the account

Why Fidelity

  • Only $4.95 for online U.S. equity trades2
  • A wide range of Fidelity and non-Fidelity funds, as well as stocks, bonds, ETFs, and CDs—plus help choosing them
  • Comprehensive research and tools to help you find, analyze, and track investment performance
  • Knowledgeable representatives to help you create and maintain your plan

What you should know

  • Maximum contribution of $5,500 per child
    • IRA contributions not to exceed minor's earnings
  • Invested for the benefit of the minor
    • All account assets transferred when the minor reaches the required age (varies by state)
    • Maintained by an adult who controls the account and is the sole recipient of account statements and communication
  • Designed for investor under 18 who must have employment compensation