Start building their financial foundation with a custodial Roth IRA, a tax-advantaged way to potentially grow the savings they're earning now—for the future they’re just beginning.
Time is on the child's side—a little saved today has a lifetime to potentially grow.
Roth IRA growth is federal tax-free and can be withdrawn tax-free in retirement.1
Contributions can be withdrawn without taxes or penalties, at any time.
You can contribute up to 100% of your child’s earned income each year, capped at $7,500 for 2026. For example, if they earn $1,000, you can contribute $1,000; if they earn $10,000, you can contribute up to the $7,500 limit.
Make informed investing decisions with industry-leading research4 and access a wide range of investments, including stocks, ETFs, mutual funds, and more.
Account fees
Minimum
As the custodian, you'll manage and invest the IRA money until your child becomes an adult (typically between age 18 and 25, depending on the state). Then, we'll assist you in transferring ownership to them.
Contributions can be withdrawn without taxes and penalties at any time, as long as they're used for the benefit of the child.
Potential earnings can be withdrawn tax- and penalty-free once the account owner reaches age 59½.
Early withdrawals may trigger taxes and a penalty. However, there are limited exceptions such as a withdrawal of up to $10,000 for a first-time home purchase.
The earlier your kids get started saving, the greater opportunity to build a sizable nest egg.
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Consider these accounts for your family’s future.
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Whether you're planning for education, future expenses, or their first investment account, explore a full range of accounts to find the right fit for their future needs.
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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.
1. For a distribution to be considered qualified, the 5-year aging requirement has to be satisfied, and you must be age 59½ or older or meet one of several exemptions (disability, qualified first-time home purchase, or death among them).
2. Generally, compensation is what you earn from working. For a summary of what compensation does and does not include, see IRS Publication 590A Table 1-1.
3. 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.
4. StockBrokers.com 2026 Annual Awards, January 2026: Fidelity was ranked within top 5 overall out of 14 online brokers evaluated in the StockBrokers.com 2026 Annual Awards. Fidelity was also ranked #1 in the categories of Research, Education, Beginners, and Retirement Accounts. Brokers were each assessed within seven primary categories: Range of Investments, Research, Mobile Trading Apps, Education, Ease of Use, Advanced Trading, and Overall.
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