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.

Tax advantages


Earnings grow federally tax-free.1


Withdrawals are tax-free.1

Account features


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.

Account management

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).

Maximum contributions

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 $6,000 per child, per year for 2022 and $6,500 per year for 2023.

Minimum investment

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, options, and FDIC-insured CDs.
Support and guidance

The Fidelity Learning Center makes 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 fees

There is no opening cost, closing cost or annual fee for Fidelity's Traditional, Roth, SEP, SIMPLE, and rollover IRAs.*

Trading fees

$0 commission for online US stock, ETF, and options trades.3