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

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

   Once the child reaches the age of majority–18 or 21–the custodial Roth IRA becomes a Roth IRA. At this point, the custodian no longer has decision making authority over the account.

3. How to Build a Million-Dollar Retirement for Your Child ...

   www.aol.com/build-million-dollar-retirement...

   If it does, your child can look into a traditional IRA and other ways to save for retirement. 2. Create a smart contribution plan. The Roth IRA contribution cap for anyone under 50 is $7,000 in ...

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

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

   The maximum amount you can contribute to a child's custodial Roth IRA in 2024 is $7,000. If your child's income is less than that, their contribution will be capped at their earned income.

5. Roth IRA - Wikipedia

   en.wikipedia.org/wiki/Roth_IRA

   For example, a contribution of the 2008 limit of $5,000 to a Roth IRA would have been equivalent to a traditional IRA contribution of $6667 (assuming a 25% tax rate at both contribution and withdrawal). In 2008, one could not contribute $6667 to a traditional IRA due to the contribution limit, so the post-tax Roth contribution may be larger.

6. 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.

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

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

   Consider matching contributions: If your child commits to saving $3,500 of their paycheck in their custodial Roth IRA, you can reward them by contributing the other $$3,500 to help them max out ...

8. Best custodial investment accounts - AOL

   www.aol.com/finance/best-custodial-investment...

   Fidelity offers other investment account options as well, including a Roth IRA for kids and a Youth Account for teens age 13-17. The latter gives a teen full control over their investments before ...

9. How to open a Roth IRA - AOL

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

   For example, if you’re a single filer and your modified adjusted gross income is $110,000, you’ll be able to take full advantage of the Roth IRA (since it’s below the $146,000 limit).