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2. Custodial Roth IRAs: Everything Parents Need To Know - AOL

   www.aol.com/custodial-roth-iras-know-181258629.html

   A custodial Roth IRA is managed by a parent or guardian on behalf of a child until they reach the age of majority, either 18 or 21, while a traditional IRA is opened by an adult. Here’s a ...

3. Can You Name a Child As Your IRA Beneficiary? - AOL

   www.aol.com/finance/name-child-ira-beneficiary...

   However, you can name a custodian who is of legal age, typically the minor’s legal guardian. This person will manage the money until the beneficiary is no longer a minor.

4. Should I Open a Roth IRA for My Kids in 2024? - AOL

   www.aol.com/open-roth-ira-kids-2024-073000916.html

   Your child's income must be below a certain threshold to contribute to a Roth IRA. You can contribute up to 100% of your child's earned income to the Roth IRA, with a maximum limit of $7,000 for 2024.

5. Roth IRA - Wikipedia

   en.wikipedia.org/wiki/Roth_IRA

   A Roth IRA is an individual retirement account (IRA) under United States law that is generally not taxed upon distribution, provided certain conditions are met. The principal difference between Roth IRAs and most other tax-advantaged retirement plans is that rather than granting an income tax reduction for contributions to the retirement plan, qualified withdrawals from the Roth IRA plan are ...

6. How to open a Roth IRA - AOL

   www.aol.com/finance/open-roth-ira-203532853.html

   When the child reaches adulthood (age 18 or 21, depending on the state), the money in the custodial account can be transferred into a Roth account in his or her own name.

7. When Should You Open a Roth IRA for Kids? - AOL

   www.aol.com/open-roth-ira-kids-140004705.html

   A lot of people regret not investing in their 20s. But what if you could go back in time even further and invest some of the money you earned from babysitting or mowing lawns in your teens? If you ...

8. How to Build a Million-Dollar Roth IRA for Your Child ...

   www.aol.com/build-million-dollar-roth-ira...

   An adult will need to manage a custodial Roth IRA until the child is legally able to do so on their own, but this account could give your child the ultimate financial education as they step into ...

9. Surprise! Your Child Can Build a Million-Dollar Roth IRA ...

   www.aol.com/surprise-child-build-million-dollar...

   Image source: Getty Images. 1. Understand the requirements. Although age is not a factor for determining Roth IRA eligibility, your child will however need to check the box on earned income. Your ...