Fidelity 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.
Earnings grow federally tax-free.1
Withdrawals are tax-free.1
Minors must be under the age of 18.
Minors must have employment compensation.2
Qualifying income can come from a job and/or self-employment such as babysitting, mowing lawns, or shoveling snow.
The adult maintains control of the account and is the sole recipient of account statements and communication.
The account must be invested for the benefit of the minor and all account assets must be transferred when the minor reaches the required age (varies by state).
IRA contributions cannot exceed a minor's earnings, e.g., if a minor earns $1,000, then only $1,000 can be contributed to the account.
There's an annual maximum contribution of $5,500 per child.
There is no minimum to open the account.
Certain investments, like mutual funds, require a minimum initial investment.
|Investment options||Access a wide range of investments offering growth or income including mutual funds, stocks, bonds, ETFs, and FDIC-insured CDs.|
|Support and guidance||
Our online courses make it easy for minors to learn the basics of investing.
Get insights on the markets with Fidelity Viewpoints®.
Test investing ideas or discover new ones with our powerful research and screening tools.
|Account opening and annual maintenance fees||
*There is no cost to open and no annual fee for Fidelity's Traditional, Roth, SEP, Roth IRA for Minors, and Rollover IRAs. A $50 account close out fee may apply. Fund investments held in your account may be subject to management, low balance and short term trading fees, as described in the offering materials. For all securities, see the Fidelity commission schedule (PDF) for trading commission and transaction fee details.
$4.95 for online U.S. equity trades