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

Earnings grow federally tax-free.1

Withdrawals

Withdrawals are tax-free.1

Account features

Eligibility

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 $5,500 per child.

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, 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.

Fees

Account opening and annual maintenance fees

None*

*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.

Trading fees3

$4.95 for online U.S. equity trades