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Mutual Funds and Mutual Fund Investing - Fidelity Investments

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Retirement & IRAs Overview

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.

Open a Roth IRA for Kids

Earnings	Earnings grow federally tax-free.¹
Withdrawals	Withdrawals are tax-free.¹

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 $6,000 per child, per year for 2020 and 2021.
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.

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

Questions?

Investing involves risk, including risk of loss.

Fidelity does not provide legal or tax advice. The information herein is general and educational in nature and should not be considered legal or tax advice. Tax laws and regulations are complex and subject to change, which can materially impact investment results. Fidelity cannot guarantee that the information herein is accurate, complete, or timely. Fidelity makes no warranties with regard to such information or results obtained by its use, and disclaims any liability arising out of your use of, or any tax position taken in reliance on, such information. Consult an attorney or tax professional regarding your specific situation.

*

No account fees or minimums to open Fidelity retail IRA accounts. Expenses charged by investments (e.g., funds, managed accounts, and certain HSAs), and commissions, interest charges, and other expenses for transactions, may still apply. See Fidelity.com/commissions for further details.

Zero account minimums apply to retail brokerage accounts only. Account minimums may apply to certain account types (e.g., managed accounts) and/or the purchase of some Fidelity mutual funds that have a minimum investment requirement. See Fidelity.com/commissions and/or the fund's prospectus for details.

1. A distribution from a Roth IRA is tax-free and penalty-free provided that the five-year aging requirement has been satisfied and one of the following conditions is met: age 59½, death, disability, qualified first time home purchase.

2. Generally, compensation is what you earn from working. For a summary of what compensation does and does not include, see .

3.

$0.00 commission applies to online U.S. equity trades, exchange-traded funds (ETFs), and options (+ $0.65 per contract fee) in a Fidelity retail account only for Fidelity Brokerage Services LLC retail clients. Sell orders are subject to an activity assessment fee (from $0.01 to $0.03 per $1,000 of principal). There is an Options Regulatory Fee (from $0.03 to $0.05 per contract), which applies to both option buy and sell transactions. The fee is subject to change. Other exclusions and conditions may apply. See Fidelity.com/commissions for details. Employee equity compensation transactions and accounts managed by advisors or intermediaries through Fidelity Clearing & Custody Solutions^® are subject to different commission schedules.

Options trading entails significant risk and is not appropriate for all investors. Certain complex options strategies carry additional risk. Before trading options, please read Characteristics and Risks of Standardized Options. Supporting documentation for any claims, if applicable, will be furnished upon request.

Fidelity Brokerage Services, LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield RI 02917

733150.8.0