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Get your taxes done using TurboTax
There is no minimum age limit to open a Roth IRA. However, your child may not be able to open the account themselves. Your financial institution may require a custodial or guardian account.
Additionally there may be a minimum contribution amount so if you child only made a few hundred dollars, you may not be able to find a bank or brokerage willing to open an account.
‎June 8, 2022
3:40 PM
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