Can I open a Roth account for my minor children?

Irvinsolt · Feb 28, 2025 2:27:34 PM

Can I open a Roth account for my minor children? They are under 16 and to not need to file a tax return. Allof their Roth account is for work at home and not taxable.

Can I open a Roth account for my minor children? They are under 16 and to not need to file a tax return. All

of their Roth account is for work at home and not taxable.

posted

Yes, you can open Roth IRAs for your children. If they are not required to file a tax return, be sure to create logs of the work they do and their earnings and keep them with your tax records.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"